This includes sessions from the conference: AICPA National Conference on Banks & Savings Institutions 2020
In this session, we will discuss the adoption of CECL in this time of unusual economic stress, including the challenges of applying the standard when the economic forecast is uncertain.Speaker(s):
There are effective tactics worth examining and executing in today’s rate environment and economic landscape. But don’t get comfortable that you have set a strategy simply by executing tactics. Scott Hildenbrand, Head of Balance Sheet Analysis and Strategy, will cover a series of current themes including liquidity, balance sheet efficiency, securities, derivatives, and capital. The discussion will focus on advantageous tactics and longer-term strategy while highlighting the asset/liability sensitivity and impact to quality or quantity of earnings.Speaker(s):
While annual budgeting is time-consuming and seems to come earlier every year, budgeting and planning aren’t a once-and-done endeavor. You need to be nimble to deal with a rapidly changing landscape, and part of that preparation is learning what works for other institutions. Join finance experts from Kaufman Hall, Community Trust Bancorp, Inc., and Triumph Bancorp, Inc. for their perspectives on how to maximize the effectiveness, efficiency, and value of the budgeting, planning, and forecasting processes at your institution. Our panelists will share their experiences, best practices, and lessons learned around key planning topics, with plenty of time for interactive discussion with the audience.
Attendees will see these benefits: validate your current processes against your peers; look for ways to improve your budgeting and planning cycle―before you’re in the thick of it; take practical strategies back to your institution to streamline and enhance your processes.
The adoption of CECL was made more eventful by the unprecedented economic situation. Models and processes were put to the test in unanticipated ways. Out of all this, what can be learned to help navigate the next year and beyond?Speaker(s):
This session will provide attendees with an overview of COVID-19 tax developments impacting the financial services industry and will be presented in terms that the non-tax-professional can understand. Topics to be discussed include a summary of the CARES Act tax provisions, including tax planning strategies resulting from its enactment, an analysis of the GAAP and regulatory impact of these tax law changes and a summary of significant industry issues, including the impact of certain acquisition structures on the tax-exempt status of bank-owned life insurance (“BOLI”).Speaker(s):
While navigating short-term physical return-to-office issues, many organizations are simultaneously looking to reimagine the future of work. There is an opportunity to capitalize on this moment to reimagine organizations and redefine the way they operate. This session will provide attendees with perspective on several key issues organizations are facing, including enabling new ways of working, reimagining real estate and addressing implications of cross-border remote working.Speaker(s):
In this session we will discuss the impact of payment deferrals, forbearance and other loan assistance programs on your portfolio and CECL allowance calculation. We will provide a framework for incorporating these programs into your credit modeling and allowance calculation to generate an estimate of the impact on expected credit losses. Separate consideration will be provided for commercial and retail books.Speaker(s):
We are navigating a variety of challenges and unknowns with the current environment. Hear from mid-sized banks about issues that are top of mind – and how their banks are tackling them!Speaker(s):
With the current environment, we have a variety of challenges and unknowns. Hear from community banks about issues that are top of mind – and how their banks are tackling them!Speaker(s):
Are we still on track? Reference rates, or Interbank Offered Rate (IBORs), such as the London Interbank Offered Rate (LIBOR) are widely used in a broad range of financial instruments and other agreements. Regulators in various jurisdictions have undertaken efforts, referred to as reference rate reform, to eliminate certain reference rates and introduce new reference rates or replacement rates. With COVID-19, did we hit pause, hit a speed bump or are we still on track?Speaker(s):