Countdown to CECL will bring together senior practitioners and experts from credit unions, community banks, and regional banks. Attendees will learn from one another, across industries, to better prepare for what lies ahead.
Master best practices for firms like yours. Join sessions specific to credit unions, community banks, and regional banks.
Take advantage of a dozen sessions over the 1.5-day schedule. The agenda is packed with sessions covering economic scenarios, audit requirements, a TRG update and more.
Exchange ideas and make new connections during our breaks throughout the day and evening receptions.
This complimentary one and a half day conference will feature a packed agenda, including streams tailored to specific business sectors. Session highlights include:
Senior-level executives at any credit union, community bank, or regional bank involved in the CECL implementation process
This Conference is complimentary* for senior-level executives at any credit union, community bank, or regional bank
*Additional travel and hotel costs are not included.
Kick-off the conference with a fireside chat featuring FASB former chairman Leslie Seidman. Ms. Seidman will discuss how CECL came to be, the joint effort pursued with regulators at the onset of the new standard setting process, and draw parallels between CECL and other similar standards, and what can be learned. Additional discussion topics will include the cost-benefit analysis process for standard setting, and how the investors and bankers perspectives are taken into account.
Speaker: Leslie Seidman, Independent Corporate Director & Former Chair of the Financial Accounting Standards Board (FASB)
Moderator: Masha Muzyka, Senior Director and Team Lead - Risk and Accounting Solutions, Moody's Analytics
Learn from representatives of the mid-size bank regulatory bodies on their plans to address the new CECL allowance, including regulation changes, capital requirements, and exams.
Paul Oseland, Accounting Specialist, Federal Reserve Bank of Kansas City
Jennifer Smith, FDIC
Moderator: Robby Holditch, Director - Solutions Specialist, Moody's Analytics
Presentation of the WARM method as an acceptable method for smaller credit unions and a discussion of how NCUA is examining for CECL preparedness in 2019 and 2020.
Alison Clark, Chief Accountant - Office of Examination & Insurance, NCUA
Leaders at the nation's leading accounting firms will share their plan to tackle the challenges of auditing CECL estimates and control infrastructures for 2019 audits and beyond.
Graham Dyer, Partner, Grant Thornton
Jonathan Prejean, Managing Director, Accounting and Reporting Transformation, Deloitte & Touche LLP
Moderator: Scott Dietz, Director - Solutions Specialist, Moody's Analytics
One of the most challenging aspects of CECL, especially for community banks and credit unions, is incorporating forward-looking information about the economy into calculations of expected losses.
We'll discuss: how to create reasonable and supportable forecasts of the economy for the lifetime of a loan and how to use this information in calculating expected losses.
With CECL being non-prescriptive, there is more than one acceptable approach. In this session, we discuss some of these approaches, focusing especially on qualitative factor overlays.
Sohini Chowdhury, Director - Risk and Accounting Solutions, Moody's Analytics
With CECL being principles-based, institutions have options regarding how they use the information from macroeconomic forecasts in estimating loss reserves. These options range from simple qualitative overlays to full-blown stochastic simulations.
In this session, we will discuss some of these options, focusing on the choice of scenarios and scenario weights, and also on the process of generating macroeconomic forecasts which are both reasonable and supportable.
Cristian deRitis, Senior Director - Deputy Chief Economist, Moody's Analytics
Learn directly from one of the leading accounting firms for credit unions and community banks on their plan to tackle the challenges of auditing CECL estimates and control infrastructures for 2019 audits and beyond.
Julee Fox, Partner, BKD
Mandi Simpson, Partner, Crowe
Moderator: Robby Holditch, Director - Solutions Specialist, Moody's Analytics
Speaker: Mark Zandi, Chief Economist, Moody's Analytics
This session will offer a unique chance to learn from those who have already begun their CECL implementation process. Topics will include lessons learned from system changes, policy updates, and corporate planning.
Jim Dunne, Senior Vice President of Risk Analytics, TCF Bank
Tom Russo, Vice President - Loss Forecasting & Modeling, Sallie Mae
Nick Tornabene, Director of Risk Management, USAA
Isidore Verla, Senior Vice President, First Citizens Bank
Moderator: Laurent Birade, Senior Director - Solutions Specialist, Moody's Analytics
As the implementation of the CECL standard progresses, learn tactical implementation strategies used by your peers to remedy lack of data and the options available to produce your CECL estimates in a reasonable and supportable fashion.
Christian Henkel, Senior Director - Advisory Services, Moody's Analytics
This session will provide an overview of the implications of CECL to model validation practices across mid-size banks. The panelists will present options and best practices to keep up with the increasing requirements.
Larry Lee, Senior Vice President, Quantitative Risk Analytics and Financial Planning and Analysis, Citizens Business Bank
Anthony Sepci, Partner - KPMG
Profitability and risk-based pricing will no doubt be impacted by the new allowance standard. Learn how these impacts can affect your institutions and what strategic portfolio management elements you may have to turn to. Hear insights on balance sheet and optimization of portfolios.
John Toohig, Managing Director, Raymond James
It is well recognized that CECL impacts the allowance process. Its impact on dynamics in earnings, and concentration risk is also becoming apparent. Leading industry experts will discuss approaches for measuring concentration risk under CECL, and the implications of concentration risk on portfolio losses. They will also explore managing these dynamics under CECL through improved origination strategies.
Anna Labowicz, Director- Product Specialist, Moody's Analytics
Amnon Levy, Managing Director, Head of Portfolio and Balance Sheet Research, Moody's Analytics
Hear from institutions like yours on the impacts on business lending that may come from the implementation of the CECL standard.
Anne P. Martinez, EVP and Senior Loan Review Officer, Southside Bank
James O'Brien, Director of Credit Risk & Analytics, Seacoast Bank
Julie Renderos, Executive Vice President and CFO, Suncoast Credit Union
Moderator: Mark McKenna, Senior Director - Solutions Specialist, Moody's Analytics
From Private Firm Credit Models to Commercial Real Estate Risk Management to Credit Decisioning, are you utilizing a more complete product suite to enhance your origination and risk rating capabilities? utilize multiple products to enable their digital transformation
TD Bank Financial Grou
There is much talk about when the next recession might be, what might drive it, and warning signals to watch out for.
This session will provide an update from analysts and industry experts on the expected impact to be disclosed by the nation's mid-size banks in the second half of the year; and what that will mean for the market.
Brock Vandervliet, Executive Director and Senior Analyst, UBS
Robby Holditch, Director - Solutions Specialist, Moody's Analytics
Mid-size and smaller institutions face a dilemma at each quarter end - conclude the allowance process in the same allotted time as the incurred loss process even as the review includes every single loan at the institution. When faced with the choice to automate or ramp-up staffing, institutions leveraging technology will gain a competitive advantage. Learn how we can help automate the process for your institution based on our most recent experiences.
Presented by: Emil Lopez, Director of Risk Management, Moody's Analytics
This session will offer an in-depth treatment of the impacts of different CECL assumptions. These include the impacts CECL will have on credit risk management, profitability forecasting, and investors disclosures. This session will offer a hands-on approach to understanding these impacts.
Presented by: Laurent Birade, Senior Director - Risk and Accounting Solutions, Moody's Analytics
Learn best practice methodologies for developing and using models for consumer lending to produce CECL estimates. In this session, we will discuss what factors to consider while modeling and how these differ based on data availability. The asset class in question and limitations of historical data will determine whether a customized model or an industry model is more appropriate. We will discuss the challenges of modeling each component of expected loss - PD, prepayment, LGD, and EAD – in the consumer lending space.
Pouyan Mashayekh, Senior Director - Consumer Credit Analytics, Moody's Analytics
CECL impacts will be far and wide, understanding EPS estimates process changes, strategic planning and peer analysis forecast under the new guidance will require some adaption. Hear from our experts on how to tackle this challenge in a manageable way.
Anna Labowicz, Director - Product Specialist, Moody's Analytics
Ed Young, Senior Director - Advisory Services, Moody's Analytics
While the concept of product lifetime is well understood for installment loans, it is more complicated for revolving products such as credit cards which effectively have no term limit. U.S. credit cards are typically unconditionally cancelable which allows the institution to calculate expected losses on only committed debt.
Modeling the evolution of committed debt presents a new challenge to credit modelers. In this session, we discuss several potential techniques and assumptions that can be used to calculate expected losses on committed debt.
Speaker: David Fieldhouse, Director of Consumer Credit Analytics, Moody's Analytics
Learn how to use scenario-conditioned forecasts of bank and credit union call report data to benchmark your CECL estimates to a peer group or the industry.
Using this practice, we also discuss calculating CECL reserves at a future date to provide valuable information for budgeting and planning.
Speaker: Sohini Chowdhury, Director - Economic Research, Moody's Analytics
Moody’s Analytics CECL solution has been specifically designed for the needs of credit unions, community and regional banks. It allows users to automate and simplify the complex processes required to comply with this new accounting standard. Our cloud-based platform incorporates rich credit risk data, best-in-class analytics, and vast impairment accounting experience. Read the post-award interview and press release.
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