National Conference on Banks & Savings Institutions 2019

Sep 9, 2019 ‐ Sep 11, 2019

Trusted answers come from trusted sources.

It’s time again to look to the banking industry’s most reliable guidance. You’ll find coverage of banking’s pressing issues and opportunities across three days that will shape the rest of your year.

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association’s website, educational materials, products, and services. The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association’s Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately. 

Welcome & Introductory Remarks | Economic Forecast 2020: Big Election, No Recession 

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Welcome & Introductory Remarks | Economic Forecast 2020: Big Election, No Recession 

Sep 9, 2019 8:00am ‐ Sep 9, 2019 9:30am

Identification: BAN1901

Operation Minutes: 75

One of the most trusted names in financial reporting and economics, Dr. Rossell analyzes America’s financial future and the U.S. role in the global economy. Drawing on history, theory and her ringside seat to Wall Street, she delivers an insider perspective on the most important economic events of our time.

Learning Objectives:

1. Factors that are responsible for recessions in any economy
   
2. A discussion of how elections typically affect the business cycle and financial markets
   
3. Outlook for the U.S. economy over the next 18-24 months

• Marci Rossell, Ph.D. (Economics), Former CNBC Chief Economist, CNBC

SEC Updates from the Chief Accountant

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SEC Updates from the Chief Accountant

Sep 9, 2019 9:35am ‐ Sep 9, 2019 10:05am

Identification: BAN1902

Operation Minutes: 30

Join this session to hear from the Securities and Exchange Commission's Chief Accountant, Sagar Teotia, regarding accounting, financial reporting, internal control, and other matters impacting the banking industry.

Learning Objectives: 

1. Understand the priorities of the SEC’s office of the chief accountant 
2. Learn about domestic and international matters for public companies

• Sagar Teotia, CPA, Chief Accountant, U.S. SEC

SEC Updates from the Deputy Chief Accountants

Preview Available

SEC Updates from the Deputy Chief Accountants

Sep 9, 2019 12:40pm ‐ Sep 9, 2019 1:30pm

Identification: BAN1904

Operation Minutes: 50

Hear updates on accounting and auditing matters from representatives of the SEC's Office of the Chief Accountant.

After attending this session, participants will:

1. Have a better understanding of emerging issues impacting audits of financial statements of public companies
   
2. Understand emerging accounting issues impacting public companies

• Marc A. Panucci, CPA, Deputy Chief Accountant, U.S. SEC
• Kevin Vaughn, CPA, Senior Associate Chief Accountant, U.S. Securities & Exchange Commission

Applying Emerging Technologies in Finance at Bank of America

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Applying Emerging Technologies in Finance at Bank of America

Sep 9, 2019 1:40pm ‐ Sep 9, 2019 2:30pm

Identification: BAN1905

Operation Minutes: 50

This session will provide an overview of Finance approach at Bank of America for emerging technologies including discussion of a number of use cases.

Learning Objectives:

1. Gain insights as to how Finance at a large financial institution organizes its efforts regarding technology
   
2. Learn about specific examples of applying emerging technology tools in finance processes

• Rudolf Bless, CPA, Chief Accounting Officer, Bank of America

SEC Update: Developments from Corporation Finance

Preview Available

SEC Update: Developments from Corporation Finance

Sep 9, 2019 3:00pm ‐ Sep 9, 2019 4:15pm

Identification: BAN1906

Operation Minutes: 75

This session will provide an update on relevant topics and issues from the Division of Corporation Finance.

Learning Objectives:

1. Filing Review Observations
   
2. Market Risk Disclosure themes
   
3. Rule-making initiatives update

• John P. Nolan, CPA, MBA, Senior Assistant Chief Accountant, U.S. Securities & Exchange Commission
• Lindsay McCord, CPA, Chief Accountant, Division of Corporation Finance, U.S. SEC
• Catherine Brown, JD, Deputy Chief Risk Officer, U.S. Securities & Exchange Commission

Strategies for Successfully Managing Through a Flattening/Inverted Yield Curve Environment

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Strategies for Successfully Managing Through a Flattening/Inverted Yield Curve Environment

Sep 9, 2019 3:00pm ‐ Sep 9, 2019 4:15pm

Identification: BAN1907

Operation Minutes: 75

Margins are experiencing the cyclical tight squeeze as interest rates are rising and the curve is flattening to disturbing levels. The tipping point has arrived and cost of funds is quickly increasing. Meanwhile, loan rates are lagging due to competitive pressures; unrealized losses on bonds have resurfaced; EVE risk is rising and regulatory scrutiny is accelerating. Many will hit the “panic” button at precisely the wrong time and take action they will likely regret down the road for long time. Forewarned is Forearmed!

Learning Objectives:

1. Discover strategies to consider and avoid in a low rate/inverted curve environment
   
2. High performing ALCOs: What separates the best from the rest?

• Frank L. Farone, Managing Director, Darling Consulting

PCAOB Standard-Setting Update and Planning for the New Estimates and Specialists Auditing Standards

Preview Available

PCAOB Standard-Setting Update and Planning for the New Estimates and Specialists Auditing Standards

Sep 9, 2019 4:25pm ‐ Sep 9, 2019 5:40pm

Identification: BAN1908

Operation Minutes: 75

This session will provide an update on PCAOB standard- setting activities and will include a discussion on planning for the new Estimates and Specialists auditing standards.

Learning Objective:

1. Understand current standard- setting activities at the PCAOB and implementation consideration for adopting the new Estimates and Specialists auditing standards

• Barbara Vanich, CPA, Acting Chief Auditor, Office of the Chief Auditor, PCAOB
• Megan Zietsman, CPA, Board Member, Public Company Accounting Oversight Board

Bank Controllership Modernization

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Bank Controllership Modernization

Sep 10, 2019 7:30am ‐ Sep 10, 2019 8:20am

Identification: BAN19201

Operation Minutes: 50

Today's Controllership and extended Finance teams have a broad span of responsibilities and contributions enabling enterprise business priorities. Accordingly, Controllers have opportunity to strategize the optimization of processes and controls, utilizing contemporary technologies, and align the organization to appropriately protect and enable the bank into the future.

Learning objectives:

1. Gain an advanced understanding of the digital possibilities within Controllership
2. Learn how to advance strategy to modernize Controllership and enable Bank's top business priorities

• Jade Shopp, CPA, Partner, Deloitte

CECL Parallel Run Readiness, Execution & Lessons Learned

Preview Available

CECL Parallel Run Readiness, Execution & Lessons Learned

Sep 10, 2019 7:30am ‐ Sep 10, 2019 8:20am

Identification: BAN19202

Operation Minutes: 50

In this session, KPMG will present entry criteria, execution and exit criteria in order to conduct and coordinate a meaningful parallel run program. We will share lessons learned and pitfalls from prior engagement fieldwork that resulted in substantial rework post adoption. This comprehensive session will provide tools that financial firms can utilize in order to prevent or detect infrastructure (e.g., process, system or data and personnel) risks. In addition, an overview of the financial impacts for mergers and acquisitions under pre and post CECL adoption scenario will be discussed.

Learning Objectives:

1. Provide insight into the activities of the 3 lines of defense represents in order to present an operating framework
   
2. Discover what impacts look like for different products as well as an analysis of CECL SAB 74 disclosures and further expectations

• Christopher Boyles, CPA, Managing Director, KPMG LLP
• Reza Van Roosmalen, Managing Director, KPMG LLP

CECL on the Eve of Adoption: Lessons Learned and Where We Need to Go

Preview Available

CECL on the Eve of Adoption: Lessons Learned and Where We Need to Go

Sep 10, 2019 7:30am ‐ Sep 10, 2019 8:20am

Identification: BAN19203

Operation Minutes: 50

During CECL implementation, many lessons have been learned. Find out how financial institutions have implemented CECL and explore the understanding gathered thus far. Topics include an update on progress made throughout the industry with regards to CECL implementation, overview of CECL implementation approaches and methodologies utilized by the industry, lessons learned from current CECL implementations, further considerations for the road to 2020 and beyond, and where we need to go from now.

Learning Objectives:

1. Learn what industry is doing for CECL implementation and how an institution can leverage the lessons learned
2. Discover what gaps exist and how they might be addressed in the coming years

• John Lankenau, Senior Vice President - Product and Operations, SS&C Primatics