by Jonathan Leonardelli, FRM | Mar 25, 2019 | CECL
I would argue that a critical step in getting ready for CECL is to review the vintage curves of the segments that have been identified. Not only do the resulting graphs provide useful information but the process itself also requires thought on how to prepare the data....
by Jonathan Leonardelli, FRM | Mar 18, 2019 | CECL
Paragraph 326-20-30-3 of the Financial Accounting Standards Board (FASB) standards update[1] states: “The allowance for credit losses may be determined using various methods”. I’m not sure if any statement, other than “We need to talk”, can be as fear inducing. Why is...
by Jonathan Leonardelli, FRM | Mar 11, 2019 | CECL
I don’t know about you, but I find caterpillars to be a bit creepy[1]. On the other hand, I find butterflies to be beautiful[2]. Oddly enough, this aligns to my views on the different stages of data in relation to model development. As a financial institution (FI)...
by Tan Cheng See | Nov 19, 2018 | Regulations
Time is ticking for the 450 insurers around the world to comply with the International Financial Reporting Standard 17 (IFRS 17) by January 1, 2021 for companies with their financial year starting on January 1. Insurers are at different stages of preparation, ranging...
by Dr. Jimmie Lenz | Oct 25, 2018 | CECL
Accounting and regulatory changes often require resources and efforts above and beyond “business as usual”, especially those like CECL that are significant departures from previous methods. The efforts needed can be as complex as those for a completely new technology...
