Chartis Research, in association with Finastra, is conducting a survey on the challenges and effects of CECL implementation. We would like to hear from you. It will look at the practical challenges of CECL and the standard’s wider market effects. The survey explores the following areas:
  • Loan segmentation.
  • Accounting challenges.
  • Data availability.
  • Systems implementation types.
A report based on the survey findings will be available to all respondents.

The survey should take only 5-10 minutes to complete, will be completely anonymous, and will not be attributed to individuals or organisations.

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* 1. Which of the following best describes your job role?

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* 2. Which of the following best describes your organisation?

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* 3. What is the size of your organisation by total assets?

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* 4. What proportion of those assets will fall under CECL’s remit?

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* 6. Are you considering leveraging existing risk measurement or stress testing tools for CECL?

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* 7. What ALL methodology do you currently use?

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* 8. What type of granularity will you need for CECL calculations?

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* 9. For the purpose of estimating your loss allowance, how are your loans segmented?

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* 10. How would you rate the operational / accounting challenges below? (Please Answer “High”, “Medium”, or “Low” for each option below)

  High Medium Low Don't know
Disclosure requirements
Evaluation of expected credit losses for held-to-maturity securities
Estimating expected credit losses for credit cards
Accounting treatment and expected credit losses valuation for financial assets acquired with credit deterioration
Estimating expected credit losses for troubled debt restructurings (TDRs)
Pooling financial assets based on similar risk characteristics

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* 11. How would you rate the relative importance of the modeling and analytical requirements listed below? (Please Answer “High”, “Medium”, or “Low” for each option below)

  High Medium Low Don't know
Portfolio/segment level analysis
Multiple segmentation options
Sensitivity analysis
Risk parameter calculation
Ability to trace expected losses to the loan or security level
Econometric default models
Structured impairment analysis
Capital ratio impact
Liquidity ratio impact

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* 12. Which of the following statements best describes the state of your data availability?

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* 13. Where do you see the most need for industry data?

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* 14. Which of the following computation tools do you (or will you) use to satisfy your current modeling needs? (Please Answer “Using now”, “Planning to Use” or “Not Using/Not Planning to Use” for the relevant options below)

  Using now Planning to Use Not Using/Not Planning to Use
Internally developed software
Externally developed software
Spreadsheets
Python or R (i.e. open source code)

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* 15. If you plan to use external software, which operational model do you (or are you) planning to use for your application? (Please Answer “Using now”, “Planning to Use” or “Not Using/Not Planning to Use” for the relevant options below)

  Using now Planning to Use Not Using/Not Planning to Use
On-premise conventionally deployed application
Private Cloud
Traditional subscription model (on Cloud)
Software as a Service (SaaS)
Service Bureau

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