The events of the COVID-19 crisis will continue to affect our economy for many months to come. As a result, banks will struggle to make informed decisions in the face of unprecedented uncertainty. The first step toward planning in this environment is to produce credible and reliable projections of their balance sheet and income statement under a range of possible scenarios. The potential issues banks are facing include:
With this paper, we presented a methodology and a solution that banks can easily adopt to address these issues.
Fill out the form to read the full methodology paper. You’ll also receive access to our recent webinar, “Adjusting Capital Planning and Strategies for a COVID-19 Scenario.” In this webinar, our experts used this methodology to project the balance sheet and income statement of a bank under 20 different scenarios looking at potential evolution of the economic context and different ways to account for CECL allowances.