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Article

The Impact of CECL's Financial Reporting Requirements

FASB's new accounting standard will have a significant effect on financial statements. Financial institutions must educate their investors and shareholders about how CECL-driven disclosure and reporting changes could potentially alter the bottom line.

November 2017 Pdf Masha Muzyka
Presentation

Economic Scenarios: A Glimpse Into the Future

Under CECL and IFRS 9, forecasting expected credit losses will be paramount. Join Moody's Analytics experts as they discuss our macro and regional forecasting. Learn how our full suite of scenario capabilities for CECL, IFRS 9, BAU, and stress testing can help your firm meet this essential requirement.

November 2017 Pdf Dr. Cristian deRitis
Webinar-on-Demand

CECL: for Community Banks – Are You Prepared?

Join Moody's Analytics for an informative webinar discussing FASB's new Current Expected Credit Loss (CECL) standard and what you can be doing now to prepare.

November 2017 WebPage Eric Snyder
Interview

What Should Firms be Considering for CECL that They Might Not be Today?

In this video, Anna Krayn discusses her observations on how institutions can prepare for CECL implementation, including improvements to technology and processes and conducting quantitative impact studies.

October 2017 WebPage Anna Krayn
Interview

What are the Major Differences with the New CECL Accounting Standard?

In this video, Chris Henkel explains how the new CECL standard affects the measurement of expected credit losses and what institutions can do to prepare for implementation.

October 2017 WebPage Christian Henkel
Interview

Why is Purchased Credit Impaired (PCI) Accounting Being Simplified Under CECL?

In this video, Masha Muzyka discusses how operational complexities and comparability issues contributed to the changes from purchased credit impaired (PCI) accounting to purchased credit deteriorated (PCD) accounting under CECL.

October 2017 WebPage Masha Muzyka
Interview

How Should Institutions be Preparing for CECL?

In this video, Chris Henkel identifies the key factors institutions need to consider during the planning process and how to improve the measurement of credit risk over the lifetime of a loan.

October 2017 WebPage Christian Henkel
Interview

What are Some of the Pros and Cons of Loan Level versus Cohort-Level or Portfolio-Level Models for CECL?

In this video, Cris DeRitis reviews the advantages and disadvantages of the different type of models that are acceptable for CECL. A portfolio-level approach is a simpler modeling method, but lacks granularity.

October 2017 WebPage Dr. Cristian deRitis
Interview

Which Modeling Methods or Techniques are Acceptable for CECL?

In this video, Cris deRitis reviews the types of models institutions can leverage to be CECL-compliant including loan-level, loss given default, probability of default, expected at default, vintage cohort, or portfolio-level models.

October 2017 WebPage Dr. Cristian deRitis
Interview

What Should Banks Consider When Using Existing Models for CECL?

In this video, Cris DeRitis explains how institutions can leverage existing models and modify them to be compliant with the new CECL standard. Acceptable models institutions can use include Dodd-Frank Act Stress Testing (DFAST), though-the-cycle or internal models.

October 2017 WebPage Dr. Cristian deRitis
Interview

What are the Pros and Con of Single versus Multiple Scenario Use for CECL?

In this video, Cris deRitis discusses how single versus multiple scenarios can impact loss provisions and affect volatility in portfolios. One advantage of a single scenario is the simplicity, but it only provides one number under one scenario which can cause volatility over time.

October 2017 WebPage Dr. Cristian deRitis
Interview

What are Some of the Biggest CECL Implementation Challenges You are Observing in the Industry Today?

In this video, Anna Krayn explains the key challenges institutions are facing with data, modeling, governance, and technology due to the new CECL accounting standard.

October 2017 WebPage Anna Krayn
Presentation

Empowering Users, Satisfying Auditors for CECL Presentation Slides

In this presentation, Emil Lopez and Olivier Brucker from Moody's Analytics, demonstrates how the Moody's Analytics Credit Loss and Impairment Analysis suite helps financial institutions overcome challenges with CECL and implement best-practice allowance processes.

October 2017 Pdf Emil Lopez, Olivier Brucker
Webinar-on-Demand

Empowering Users, Satisfying Auditors for CECL

In this webinar, Emil Lopez and Olivier Brucker from Moody's Analytics, demonstrates how the Moody's Analytics Credit Loss and Impairment Analysis suite helps financial institutions overcome CECL challenges and implement best-practice allowance processes.

October 2017 WebPage Emil Lopez, Olivier Brucker
Whitepaper

Economic Scenarios: What's Reasonable and Supportable?

In this paper, we review and make recommendations on the use of economic scenarios in the CECL process along six key dimensions: FASB requirements, Forecast methodology and horizon definition, number of scenarios, mean reversions and custom scenarios. We conclude with a discussion of other considerations banks and lenders should bear in mind when developing a forward-looking process for CECL compliance.

October 2017 Pdf Dr. Cristian deRitis
Presentation

Expected Loss Quantification: Factors that Will Move the Needle Presentation Slides

In this presentation, Anna Krayn and Masha Muzyka discuss the importance of accounting for risk differentiation and rank ordering for pass-rated loans, common flaws of risk rating systems and the potential financial impact on ALLL.

September 2017 Pdf Anna Krayn, Masha Muzyka
Webinar-on-Demand

Expected Loss Quantification: Factors that Will Move the Needle

In this webinar, Anna Krayn and Masha Muzyka discuss the importance of accounting for risk differentiation and rank ordering for pass-rated loans, common flaws of risk rating systems and the potential financial impact on ALLL.

September 2017 WebPage Anna Krayn, Masha Muzyka
Presentation

Lifetime Expected Credit Loss Modeling Presentation Slides

In this presentation, learn more about ECL quantification tools to support CECL implementation across all major asset classes, including dual-risk rating models (PD/LGD), credit cycle adjustment and scenario conditioning models, segment-level loss rate models and discounted cash flow (DCF) and non-DCF methodologies.

September 2017 Pdf Glenn Levine, David Fieldhouse
Webinar-on-Demand

Lifetime Expected Credit Loss Modeling

In this webinar, David Fieldhouse, Director in Consumer Credit Analytics and Glenn Levine, Associate Director within the Capital Markets Research Group provide an overview of ECL quantification tools Moody's Analytics offers to support CECL implementation across all major asset classes.

September 2017 WebPage Glenn Levine, David Fieldhouse
Presentation

"Economic Scenarios for CECL; What's Reasonable and Supportable?" Presentation Slides

In this webinar, Cris deRitis, Senior Director from Moody's Analytics, demonstrates how to leverage econometrically derived, forward-looking scenarios to assess life-time losses for CECL.

September 2017 Pdf Dr. Cristian deRitis
Webinar-on-Demand

Economic Scenarios for CECL: What's Reasonable and Supportable?

In this webinar, Cris deRitis, Senior Director from Moody's Analytics, demonstrates how to leverage econometrically derived, forward-looking scenarios to assess life-time losses for CECL.

September 2017 WebPage Dr. Cristian deRitis
Interview

How Many Forward-looking Scenarios does CECL Require?

In this video, learn more about the requirements for forward-looking economic scenarios for CECL compliance and the comparisons between scenarios for CECL and IFRS 9.

September 2017 WebPage Dr. Cristian deRitis
Presentation

Getting Ready for CECL - Why Start Now? Presentation Slides

The FASB's new impairment standards won't take effect until 2020, but institutions should start planning now. This presentation outlines key considerations for early CECL preparation, including: main challenges; expectations of auditors, regulators, and investors; planning in firms of varying sizes; and how to get started.

September 2017 Pdf Anna Krayn
Presentation

Leveraging Industry Data for CECL Compliance Presentation Slides

In this presentation, Irina Korablev, Senior Director and Deniz Tudor, Director will discuss various tools that can capture economic, loan-level, and cohort-level data across several asset classes, which can be used for forecasting credit losses and benchmarking internal models.

August 2017 Pdf Dr. Deniz Tudor, Irina Korablev
Webinar-on-Demand

Leveraging Industry Data for CECL Compliance

In this webinar, Irina Korablev, Senior Director and Deniz Tudor, Director will discuss various tools that can capture economic, loan-level, and cohort-level data across several asset classes, which can be used for forecasting credit losses and benchmarking internal models.

August 2017 WebPage Dr. Deniz Tudor, Irina Korablev
Interview

What is CECL (Current Expected Credit Loss)?

In this video, Chris Henkel from Moody's Analytics provides a brief overview about the new accounting standard, Current Expected Credit Loss (CECL). Listen in to learn more about the implications and how institutions can prepare.

August 2017 WebPage Christian Henkel
Interview

What are the Key Considerations for Purchased Financial Assets with Credit Deterioration (PCD) Under CECL?

In this video, Masha Muzyka discusses the accounting challenges faced by institutions acquiring financial assets with credit deterioration under the new CECL standard.

August 2017 WebPage Masha Muzyka
Presentation

Meeting the Analytic Challenges of CECL Presentation Slides

Our experts discuss methodologies for calculating losses, and explain how to establish and defend reasonable and supportable forecasts, connect the allowance for credit loss estimate to key risk functions, and analyze the impact to reserves and your business.

August 2017 Pdf Jan Larsen, Tanya Roosta
Webinar-on-Demand

Meeting the Analytic Challenges of CECL

Our experts discuss methodologies for calculating losses, and explain how to establish and defend reasonable and supportable forecasts, connect the allowance for credit loss estimate to key risk functions, and analyze the impact to reserves and your business.

August 2017 WebPage Jan Larsen, Tanya Roosta
Article

CECL: What's on Tap for the Future of Credit Loss Accounting?

A new model for expected credit losses is supposed to fix flaws in the accounting system and protect against future financial crises. But the so-called CECL model comes with its own set of challenges that will dramatically change firms' accounting practices for impaired loans. The Financial Accounting Standard Board's (FASB) recently issued current expected credit loss (CECL) model attempts to align measurement of credit losses for all financial assets held at amortized cost, and specifically calls out potential improvements to the accounting for purchased credit impaired (PCI) assets.

July 2017 Pdf Masha Muzyka
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