Welcome & Introductory Remarks and Getting Ready for Year-end: Update from the Chief Accountants of the Federal Banking Agencies
Dec 1, 2020 11:00am ‐ Dec 1, 2020 12:25pm
Identification: BAN2022
With the third quarter in the rearview mirror, what should be top of mind heading into the fourth quarter? This session will provide the latest perspective on the current COVID-19 environment from the perspective of the agencies. Topics include observations on the allowance (both ALLL and ACL), loan modifications, government programs (e.g., Main Street lending), impairments and other financial reporting observations.
- Analyze and apply supervisory policy developments
- Evaluate financial and call reporting considerations for year-end
Loan Modifications - Did it Work? (TDRs, Credit Monitoring and What's Next?)
Dec 1, 2020 12:40pm ‐ Dec 1, 2020 1:55pm
Identification: BAN2023
This session will cover multiple aspects of COVID-19 Loan Modifications, including aging, nonaccrual and allowance considerations. The discussion will also consider the accounting for loans that need new or additional modifications as banks navigate through the pandemic.
- Determine and compare the accounting for COVID-19 loan modifications
- Identify allowance considerations for COVID-19 loan modifications
- Analyze TDR considerations for re-modifications
Navigating the 2020 Unnatural Disaster
Dec 1, 2020 2:25pm ‐ Dec 1, 2020 3:40pm
Identification: BAN2024
This session will delve into the unprecedented nature of the economic crisis and the implications for the economic and market outlook. The session will also examine the economic implications of the presidential election for economic and trade policy.
- Recognize why the current crisis has more in common with a natural disaster than a business cycle and why that matters
- Examine the most useful way to track the evolution of the economy