Session Presenters

Patrick Vernon
Senior Manager, Advisory Services

Breakout 2: Embracing the Volatility Brought on by CECL

Following a second wave of the CECL adoption, two common questions continue to rise to the forefront for both initial adopters and second-wave adopters alike: How have reserves been trending given recent economic volatility and inflation concerns? How should model validation be incorporated into a robust risk management strategy? This session provides feedback on real trends observed in the industry and shares experiences as to how CECL reserves have fluctuated in recent months. Topics discussed include common pitfalls observed in the integration of a model risk management strategy and pillars of an effective plan for CECL model validation.

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Session Resources

  • Embracing the Volatility Brought on by CECL