Challenges and Impact of CECL Implementation

Challenges and Impact of CECL Implementation
This is an invitation-only round-table lunch for senior bank executives involved in the implementation of the new CECL loan loss provisioning method. The discussion will be led by two expert practitioners selected from among the participants. The event is being hosted by the Risk Institute at the Ohio State University Fisher College of Business and sponsored by CRISIL Global Research and Analytics.

 

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Agenda Speakers

 

Date:

March 20, 2019

Time:

12:00pm - 2:00pm

Location:
Ohio State University
Fisher School of Business, Mason Hall
250 W. Woodruff Ave

Columbus, OH 43210




Deadlines are fast approaching for depository and lending institutions to implement loan loss models that comply with the Current Expected Credit Loss (CECL) criteria adopted in 2016 by the Financial Accounting Standards Board (FASB).

Larger banks may lever existing internal models, data management and processes to be CECL-compliant; however, they will still have to develop appropriate CECL model calibration criteria, controls, documentation and validation. For the thousands of medium/smaller-sized banks, credit unions and other entities that lack pre-existing Allowance for Loan and Lease Losses (ALLL) model infrastructure, critical decisions loom for selecting a CECL model that’s appropriate for their lending book, then upgrading their data framework to enable it to work and begin parallel testing.

In addition to being responsible for the implementation of a CECL-compliant ALLL model on or before the relevant deadline, executives must understand and manage the strategic implications of the ALLL numbers reported by their CECL-compliant models. These include potential volatility of earnings, capital shortfall and timing of pre-recession ALLL ramp-up – all under close scrutiny by regulators, auditors and shareholders.



Panelist 

    
       
   Steve Lindo is a financial risk manager with over 30 years’ experience managing risks in ALM, funding, banking and trading portfolios. His current role is Lecturer and Course Designer at Columbia University’s School of Professional Studies, teaching Financial Risk Management to graduate students in Columbia’s MS in Enterprise Risk Management program.  He is also Principal of SRL Advisory Services, an independent consulting firm specializing in risk governance, education and strategy, financial technology innovation, risk data management, regulatory expertise, information risk management and financial litigation support.  His previous positions include Director of Treasury Management and Mortgage Risk at Fifth Third Bancorp and Vice President of Risk Capital Management at GMAC Financial Services LLC (now Ally Financial).  In 2010, Mr. Lindo completed a two-year engagement as Executive Director of PRMIA – The Professional Risk Managers’ International Association, a non-profit member organization with over 75,000 members in 198 countries.  Before that, Mr. Lindo held a number of risk management roles in Cargill’s proprietary financial trading group, which was subsequently de-consolidated into two separate hedge funds, Black River Investments and Carval Investors, and spent his early career as an international banking and credit officer with Lloyds Bank and First National Bank of Chicago (now part of JPMorgan Chase) in the UK, Spain and Brazil. Mr. Lindo is a regular presenter at conferences, webinar host and author of risk management articles and case studies. He has a BA and MA from Oxford University and speaks fluent French, German, Spanish and Portuguese.


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Registration

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When
3/20/2019 12:00 PM - 2:00 PM
Where
Ohio State University Fisher School of Business, Mason Hall 250 W. Woodruff Ave Columbus, OH 43210 UNITED STATES
 

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