CECL: Pushing History Forward
The use of a financial institution’s own historical data and experience is an important component to a CECL calculation; but in the end, it is just a part of the puzzle. In this webinar, our panel of experts will address why using forecasted information can prove equally important, and not just because the accounting guidance mentions it.
The use of a financial institution’s own historical data and experience is an important component to a CECL calculation; but in the end, it is just a part of the puzzle. In this webinar, our panel of experts will address why using forecasted information can prove equally important, and not just because the accounting guidance mentions it. We will explore how the use of economic forecasting does not require overly complex processes, nor does it cause you to lose control of the outcome. Instead, it can provide valuable insight into the bank and become a building block to planning, budgeting and analysis. We will also discuss how the use of forecasts has assisted those who have already adopted CECL, even during a time of great uncertainty.
Hear from our panel of Moody’s experts, including representation from:
» The economics team on how economic forecasts are developed;
» Accountants on how forecasts allowance information can serve within the planning, stress testing and ALM functions; and
» CECL experts on how to use this data without the need for complex modeling.
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SpeakersScott Dietz Director, Industry Practice Lead Moody's
Sohini Chowdhury, PhD, FRM Senior Director Moody's
Robby Holditch Senior Director - Solutions Specialist Moody's Analytics
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Scott is a Director in the Regulatory and Accounting Solutions team responsible for providing accounting expertise across solutions, products, and services offered by Moody’s Analytics in the US. He has over 15 years of experience leading auditing, consulting, and accounting policy initiatives for financial institutions.
Scott is a licensed CPA in Massachusetts and a member of the AICPA, with a Bachelor of Science in Accounting from Lehigh University.
Sohini Chowdhury is a Senior Director and Senior Economist with Moody’s Analytics, specializing in macroeconomic modeling and forecasting, scenario design, and market risk research, with a special focus on stress testing and CECL applications. Previously, she led the global team responsible for the Moody’s Analytics market risk forecasts and modeling services while managing custom scenarios projects for major financial institutions worldwide.
An experienced speaker, Sohini often presents at client meetings and industry conferences on macroeconomic models, scenarios and CECL solutions. Sohini holds a PhD and a master’s degree in economics from Purdue University, and a master’s degree in applied statistics from West Chester University in Pennsylvania.
Robby is a Moody’s Analytics community banking specialist and Subject Matter Expert in CECL. He is responsible for providing accounting expertise across solutions, products and services offered by Moody’s Analytics in the Americas. Robby has 15 years of experience in M&A, US federal tax and SALT, financial reporting with 8 plus years of community banking and regional banking experience.