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Back-Testing Your First CECL Year: Assessing the Accuracy and Performance of Your CECL Model

February 28 @ 2:00 pm - 3:00 pm EST

$50

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Are you confident in your CECL model’s accuracy and performance? This CPE-accredited webinar guides you through the crucial process of back-testing, equipping you with the tools and insights to assess your model’s effectiveness and ensure its accuracy in your first year of CECL implementation.

Gain valuable knowledge and skills in:

  • Back-testing fundamentals: Define back-testing, understand its role in CECL evaluation, delve into short-term vs. long-term horizons, and explore the significance of Reversion Rates.
  • Short-term back-testing: Apply techniques to evaluate model accuracy for individual loan cohorts, analyze key metrics like RMSE, and identify potential biases in short-term loss forecasts.
  • Long-term back-testing: Implement methodologies to assess overall model performance over extended periods, analyze metrics like cumulative loss rate and provision coverage ratio, and identify long-term loss trends.
  • Reversion Rate validation: Understand the importance of Reversion Rates, employ back-testing techniques to validate their accuracy for different loan categories, and take corrective actions if necessary.
  • Model improvement strategies: Analyze back-testing findings, identify areas for improvement in data quality, model assumptions, and methodology, and develop a concrete plan for implementing model refinements.

CPE Objectives:

  1. Identify Back-Testing Fundamentals: Learn the role of back-testing in evaluating CECL models, including back-testing horizons and reversion rate calculation.
  2. Conduct Short-Term Back-Testing: Assess CECL model accuracy for individual loan cohorts using current losses compared to forecasted losses and metrics like RMSE, as well as identify potential biases in short-term loss forecasts.
  3. Employ Long-Term Back-Testing: Evaluate overall model performance over extended periods using metrics like cumulative loss rate and provision coverage ratio, and identify trends in long-term loss forecasts.
  4. Confirm Reversion Rate Accuracy: Validate estimated reversion rates for different loan categories and take corrective actions if necessary.
  5. Enhance CECL Modeling: Analyze back-testing findings, identify areas for improvement, and develop a plan for implementing model refinements.

Now offering 1.2 CPE Credits for this event!

CPE Credit:
• 1.2 CPE Credits for this series
• Level: Intermediate
• Field of Study: Auditing
• Instructional Delivery Method: Group Internet Based
• Prerequisites: Experience in bank accounting, lending, or analytics
• Advanced Preparations: None

Refunds and Cancellations

A refund minus a $5 processing fee will be provided for cancellations received by Harbinger Technology Solutions, LLC in writing by February 27th, 2024. No refunds will be given for cancellations received after that date. A substitution from your institution is welcome at any time. Harbinger Technology Solutions, LLC reserves the right to change instructors or reschedule/cancel sessions when necessary. Harbinger Technology Solutions, LLC is not responsible for travel penalties incurred due to the modification of the program.

For more information regarding refunds, cancellations, and/or other concerns, please contact our offices at srawls@arcsysonline.com.

Harbinger Technology Solutions, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

*NASBA Approved Provider for Group-Based Internet

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