The effects of the COVID-19 pandemic on the economy are testing the new Current Expected Credit Loss reserving approach. While Day 1 impact and Q1 reserve changes varied widely across the banking industry, driven by portfolio composition, Q2 results are unidirectionally pointing to reserve builds. In our paper, CECL Build - Is it Enough?, our subject matter experts proposed a triangulation methodology to estimate a range for CECL estimates. Using a peer group composed of 14 banks, they test the approach to establish a range of estimates for Q2 2020 cohort results and suggest a useful tool for an effective challenge.

Join this webinar for a live Q&A session with the authors of the research Laurent Birade and Philip Lai, moderated by Anna Krayn.

Speakers:
Anna Krayn, Managing Director, Moody's Analytics
Laurent Birade, Senior Director, Moody's Analytics
Phillip Lai, Associate Director, Moody's Analytics

Following the commencement of TRIM in 2016, there are has been a multi phased approach to the ECB’s TRIM exercise. As we are gearing up for a year of further TRIM exercises and transitioning to review of wholesale and low default portfolios, Moody’s would like to host this webinar to provide:

  1. Further insight to the challenges in the market thus far
  2. The common themes across Europe
  3. Remediation and best practice approaches

Following the commencement of TRIM in 2016, there are has been a multi phased approach to the ECB’s TRIM exercise. As we are gearing up for a year of further TRIM exercises and transitioning to review of wholesale and low default portfolios, Moody’s would like to host this webinar to provide:

  1. Further insight to the challenges in the market thus far
  2. The common themes across Europe
  3. Remediation and best practice approaches