Similar to incurred loss, qualitative factor adjustments to historical loss experience are one of the most critical pieces of the CECL estimation process for most institutions. Join us for an insightful webinar as we cover the Topic 326 considerations and adjustments for differences in current conditions and future forecasts to historical loss experience. We'll also share why you need to re-evaluate your qualitative factors and adjustments under CECL and provide examples of how institutions are addressing qualitative factors in a CECL world.
Upon completion of this program, participants will be able to:
- Identify Topic 326 requirements for adjustments to historical loss experience for differences in current conditions and future forecasts and how these may be done quantitatively and/or qualitatively
- Explain why reconsideration and modification of incurred loss qualitative factors is necessary under CECL
- Discuss how some institutions are addressing current condition and future forecast adjustment qualitatively and quantitatively
Gordon Dobner, Susanne Muenow