Data Management Strategy
Data Management Strategy
Insight

Data Management Strategy

Regulatory and audit requirements for CECL focus

Regulatory and audit requirements for CECL focus on strong data governance and controls to systematically assess whether or not particular lending exposures or groups of lending exposures exhibit a significant increase in credit risk and to measure lifetime expected loss.

The core objective of a data management strategy is to drive consistency in calculating expected credit losses for accounting, financial reporting, and capital adequacy purposes. KPMG’s approach in the new paper, CECL Data Management Strategy, delivers an extensive data management capability for CECL implementation.