Global Credit Data’s Richard Crecel and Nathaniel Royal outline results from CECL benchmarking work in The RMA Journal

Writing in The RMA Journal, Global Credit Data’s (GCD) Executive Director Richard Crecel and North American Executive Nathaniel Royal, along with Accenture’s Head of Quantitative Analytics, Finance,and Risk Services Soner Tunay, outline results from GCD’s latest benchmarking efforts on current expected credit loss (CECL) estimates.

Initial CECL estimates vary significantly, data gathered from 11 banks reveals. In turn, further benchmarking, enabling banks to see how their models stack up against those of their peers, will be crucial to bringing the industry’s CECL estimates into a natural  alignment without the need for strict supervisory interference.

Read the full article in the latest edition of the RMA Journal, and on the Global Credit Data website here.