CECL and DFAST – Accounting versus Simulation
Listen in for a case study of the symmetry and critical differences between the new current expected credit loss model for estimating credit losses (CECL) and the Dodd-Frank Wall Street Reform and Consumer Protection Act’s stress-testing (DFAST) requirements.
Although there is no guidance or statutory relationship between CECL and DFAST, their similarities in data requirements and forward-looking projection suggest benefits for financial institutions by coordinating the necessary data management and governance components of their CECL and DFAST initiatives.
Watch to learn:
- The similarities and differences between CECL and DFAST
- Financial modeling approaches
- CECL and DFAST program integration opportunities and risks
About the Presenter
Garver Moore, Advisory Services
Garver Moore works with the Advisory team at Sageworks, collaborating with our internal product specialists on our market offerings and assisting clients who want to optimize their institutions for growth and profitability. Garver brings a decade of enterprise software, analytic and advisory experience to the team. Before joining Sageworks, Garver served customers as a consultant with Accenture, and he later worked with C-suite executives on technology strategy and delivery as a managing partner of the Orange Advisory Group. He received his bachelor’s degree in computer engineering from Duke University.