A Comprehensive CECL Solution
Designed by CPAs, Statisticians, and Technologists
Our Current Expected Credit Losses (CECL) Module, together with our team of data and modeling consultants, delivers the technology platform and expertise to take you from where you are today to producing audit-ready CECL estimates.
Our consulting team is available to assist pre-implementation in seamless data integration, resolving data gaps, and selecting methodologies.
Our dedicated CECL Module executes your monthly loss reserving and reporting process under the new CECL standard, covering data intake, segmentation, modeling, and report generation within a single platform.
Experts in the life-of-loan, econometric credit modeling that CECL requires.
Technology solution backed by experts in data, modeling, and accounting.
Depth of Expertise
In-house statistical modeling team experienced in all asset types.
Tailored solutions so you’re not paying for functionality you already have.
Our credit and data consultants are available to identify and solve data gaps and prepare your data for analysis and modeling. We deliver expertise in:
Data gap analysis and remediation
Database design, to collect and preserve good data
Selecting and integrating representative third-party, proxy data
Analytics & Models
Segmentation analytics, model selection, and a model execution engine that cover every methodology contemplated by the CECL standard.
Segmentation, with intuitive user interface
Monthly model execution, with rapid run-times
Method selection, including in-house models or custom builds
Our CECL platform begins with data intake and ends with delivering your monthly ALLL estimates and supporting audit-ready reports, including:
Explanatory board reports
Integrated BI tools for custom analysis
What is CECL?
CECL is an acronym for Current Expected Credit Losses, and is used as shorthand for the new GAAP standard put forth by the FASB to include expected life-of-loan (LOL) losses in the allowance for credit losses for financial assets that are not accounted for at fair value through net income. It is a change from the current incurred-loss model.
IFRS 9 vs. CECL
IFRS 9 is the International Accounting Standards Board’s (IASB) analog of CECL.
CECL Implementation Dates
For public business entities that are U.S. Securities and Exchange Commission (SEC) filers, the new CECL standard takes effect for fiscal years beginning after December 15, 2019.
For all other entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2020.
OCC 2011-12/SR 11-7
All RiskSpan developed models utilized in our module are certified by an independent model governance team and the certification reports are available to the customer.
Additionally, regular back-testing is performed on our models, refinements are made as appropriate, changes are documented, and new versions are released onto the platform. RiskSpan will provide the resources necessary to support the validity of the models when subject to audit or regulatory inquiry.
How reliable is your data?
Our team of quants and data scientists is available on demand to provide custom support.
Go further with our cutting-edge platform for data modeling and analytics.
Access talented quants and data scientists to help build, manage, and integrate your data applications.
Use our analytics expertise to help you make better sense of your data.