Senior Director, Regulatory and Accounting Solutions
Laurent is a senior director responsible for providing Risk and Finance integration expertise across solutions, products, and services offered by Moody’s Analytics in the USA and Canada. As a domain expert in financial services since 2005, Laurent has accumulated a wealth of knowledge on the effective integration of risk and finance processes.
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.
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.