CREF TRACK: CREF CECL & Loan Loss Modeling and Provisions
CECL is still relatively new and is getting a real-world work-out. This session highlights how today’s challenging CRE market environment is working through CECL and other loan loss modeling and provisioning.
Speakers
Speakers
Chris Hughes has practiced public accounting since 2009. He specializes on clients in the financial services industry, primarily mortgage companies, public and privately held community banks, credit unions, and other specialty lenders. Hughes assists clients with technical accounting issues and implementing accounting policies and procedures. He has extensive SEC reporting experience in addition to experience conducting audits of internal control over financial reporting and audits in accordance with Government Auditing Standards. He also has a deep level of experience with lending compliance engagements, including HUD/GNMA, USAP, and Regulation AB. Hughes is a leader in the firm’s Financial Services Group. He plays an integral role in training and developing staff personnel. He is also a frequent speaker at industry events.
Megha Watugala joined Moody’s in 2012 and is engaged in research and advisory work related to credit risk in commercial real estate. In addition to modeling various components of CMM, Watugala has assisted many clients with internal validation, customization, stress testing and allowance calculation projects related to commercial real estate. He has many years of experience in the research and consulting industry. Previously, he was a Senior Consultant at Ernst & Young LLP where he specialized in economic analysis for transfer pricing practices of multi-national companies. Watugala obtained his Ph.D. in economics from Texas A&M University. His bachelor’s degrees in computer science and economics are from California Institute of Technology.
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