He has participated in a variety of implementation projects in the US and Canada and has advised financial institutions on key regulatory issues such as CCAR, DFAST and now IFRS9 and CECL credit loss reserving. Laurent hold a Bachelor of Accounting/MIS from H.E.C. and an Executive MBA from St-Mary’s of California. He is also a member of PRMIA and acting steering committee member for San Francisco and Vancouver.
This paper explores the CECL standard's background, the choices community banks, regional banks, and credit unions face, and some suggested approaches for dealing with these challenges.
While many institutions are currently in the throes of implementing the current expected credit loss (CECL) accounting standard, some are thinking ahead and some that are not. CECL will have an unavoidable impact on management disclosures, specifically around explaining period-over-period changes in allowance.
Many institutions are struggling to apply the CECL standard as it pertains to credit cards, and in particular determining the lifetime value for credit card portfolios. In this paper, we explore the different approaches to evaluating lifetime estimates for the credit card portfolio.
Simple But Not Simpler: Day 1 Modeling Approaches. This presentation is a review of simple approaches available to community banks on the road to their CECL journey.