9:00 am – 10:30 am HST
12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET
Now that FASB has kicked the CECL can down the road until January 2023, can credit unions simply move on to other matters? The temptation to ignore CECL is certainly strong. However, CECL represents one of the biggest changes in a generation regarding how financial institutions evaluate, calculate, and determine the allowance for loan losses. In addition to methodology changes, there will be a short-term impact to capital, which must be considered as part of capital planning. Today you should be collecting data to be ready for CECL. The data you collect is an important tool for your organization beyond CECL. This webinar will address using this data today for stress testing and portfolio management.
This webinar will provide the most up-to-date regulatory and industry guidance for your financial institution to stay on track with CECL implementation over the new timeline. Learn about your responsibility as a director to understand the appropriate level of reserves, as well as FASB’s new definition called Small Reporting Companies (SRCs) and how that applies to your institution.
- Up-to-the-minute CECL status
- CECL primer
- How does CECL compare to your current methodology?
- What is CECL’s impact on your capital level?
- What you should be doing now to get ready for CECL
- Using the data you collect for portfolio management
- What questions should you ask at board meetings?
- TAKE-AWAY TOOLKIT
- Questions to ask at your next board meeting about CECL
- Employee training log
- NEW – Interactive quiz
WHO SHOULD ATTEND?
This informative session is designed for outside directors.
DON'T MISS THESE RELATED WEBINARS!
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Tuesday, March 5, 2019
"ALLL Supporting Documentation: Current Rules & Future Expectations Under CECL"
Monday, July 1, 2019
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.