Following the release and progress made towards the European IFRS 9 standard, the focus is now moving towards the US CECL standard. Institutions are preparing for the overhaul of current practices to facilitate CECL and adapting systems to ensure implementation and ultimately compliance.
CECL 2017, October 11-12, NYC, will bring together over 20 senior risk professionals from leading financial institutions to provide a beginning to end overview of the CECL process and what to expect, leveraging current infrastructure, model requirements and its potential impact on reporting and products.
Key highlights at the Congress include
CECL Introduction
Understanding and interpreting the new standard
CCAR/DFAST Synergies
Leveraging current stress testing infrastructure for CECL
Data requirements
Meeting data requirements under CECL and preparing infrastructure
Modeling techniques
Modeling techniques for CECL requirements
Documentation
Aligning teams for increased rigor of documentation
Product Structuring
Managing adjustments to product offering and structures, including revolvers and retail
Governance and controls
Implementing a governance and control framework under CECL
End state vision
Understanding the end goal and considering potential unintended consequences
Join us on October 11-12, 2017, to review system requirements for full CECL implementation and impact on the business. We look to bring together industry professionals to provide a platform for networking, idea sharing and developing processes.
To register for the conference or for further information on this year’s CECL conference, please contact the Center for Financial Professionals at marketing@cefpro.com or +1 888 677 7007.
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