The transition to CECL is here. Considered one of the most impactful regulations, many expect CECL to increase their allowance and have a long-term effect on operations.

Firms will need to develop a CECL-compliant model, which can require more robust data, refined credit risk models, and greater internal modeling resources. Above all, firms will need to have a process in place to ensure oversight among senior management and compliance with auditors.

The Moody's Analytics ImpairmentStudio solution addresses the operational complexities of evolving credit impairment accounting standard under CECL and improves credit loss estimation analysis and calculation. It provides a user-friendly and auditable platform for data consolidation, model warehousing, expected credit loss calculation, and insightful analysis of results.

To learn more about the ImpairmentStudio platform, please click here