The FASB deadline for the new Current Expected Credit Loss (CECL) accounting standard is just around the corner. Is your organization ready?
The Moody’s Analytics ImpairmentStudio solution has been specifically designed with the needs of community/regional banks, credit unions, and insurers in mind. It allows CECL users to automate and simplify the complex processes required to meet the new accounting standard. Moody’s Analytics combines its rich credit risk data, best-in-class analytics, and impairment accounting experience in this new cloud-based platform, which is celebrated for its completeness and broad CECL automation capabilities.
For more information on the new CECL accounting standard, visit our Preparing for CECL site.
Mills County State Bank Selects Moody’s Analytics to Automate CECL Workflow
“We evaluated several other providers before choosing Moody’s Analytics; we were impressed not only with their solution but all the work they have done to integrate all of the different components needed to run our CECL calculations. It’s incredibly convenient to have a comprehensive solution that also incorporates loan-level models, spreading functionality, and capital-planning tools, among others.”
Moody's Analytics to Power Raymond James' CECL Calculations
“After interviewing a half-dozen providers, we chose Moody’s Analytics to collaborate with us on CECL because of their data-driven approach to this new requirement for our clients. Their willingness to listen to our needs and desire to serve our clients, and to move outside their normal framework to accommodate our whole-loan-trading platform set them apart – as did their team of professionals who will make the process of gathering the necessary information as painless as possible.”
John Toohig, Head of Whole Loan Trading Raymond James
Anna manages the Risk and Accounting Solution team for the Americas. Her team is responsible for structuring solutions for risk analytics and accounting, with an emphasis on CECL/IFRS 9 and capital planning.
Emil manages the Customer Success team for the ImpairmentStudio™ solution. His team partners with customers to help implement CECL and provides ongoing support to ensure a successful transition to CECL.
Eric manages the overall business of the ImpairmentStudio™ solution. His team is responsible for developing the ImpairmentStudio solution as well as on-boarding customers onto the platform.
Masha is responsible for CECL/IFRS 9 accounting thought leadership and ImpairmentStudio™ business architecture. She has 16 years of experience in the financial industry.
Develop, improve, and validate forward-looking expected credit loss (ELS) models, credit risk models, benchmark internal data, or supplement data limitations with our award-winning data. We offer credit, economic, and financial data sets.
Address your unique portfolio composition with our best-in-class modeling methodologies. We help clients assess, manage, and validate models for CECL requirements and consistency with industry standards.