NAFCU Webinar: Credit Loss in the Time of COVID-19
FRG participated in a webinar on June 4 for the National Association of Federally-Insured Credit Unions, which focused on techniques and resources available to credit unions to help them weather the current economic storm.
The webinar, “Credit Loss in the Time of COVID-19,” featured thought leaders from SAS and FRG, including Jonathan Leonardelli, FRG’s Director of Business Analytics. They discussed what is needed for Credit Unions to incorporate macroeconomic variables into actionable intelligence on their portfolios.
The webinar is available on demand. Visit NAFCU to watch it now.
The webinar covered:
- Evolving methods and variables for reasonable and supportable forecasting
- New tools and resources to augment internal processes and staffing levels – with ways to quickly adapt for risk assessments and mitigation
- How credit unions can assess potential losses under multiple scenarios and time horizons to help appropriately manage credit risk
Jonathan Leonardelli, MFM, FRM, Director of the Business Analytics for FRG, leads the group responsible for model development, data science, and technical communication. Since joining FRG Jonathan has led multiple projects to successful completion using his leadership, modeling, and business knowledge. The projects he has worked on span regulatory areas such as CECL, IFRS9, CCAR, and Basel. He is a frequent publisher to FRG’s website, including the recent white paper “VOR Scenario Builder: Obtaining Business Insights from Scenarios.”