May 3, 2022 to May 4, 2022
Don’t miss this last opportunity from Graduate School of Banking (GSB) to get up to speed on CECL, with hands-on applied learning and optional 15-minute consultations with the instructors at no additional cost!
Financial institutions complying with the Current Expected Credit Loss standard, or CECL, in 2023 have to manage a myriad of new data, modeling, and forecasting considerations. With new requirements comes new expertise and time constraints. To assist community financial institutions in navigating the transition, Abrigo is hosting a one-day workshop filled with over two hours of breakout sessions and five hours of educational content that describes the new standard, recommends modeling best practices, identifies key players at the financial institution, examines forecasting, and shares case studies from those who have done it before, including the SEC-filing institutions who implemented last year.
This workshop will be led by Abrigo personnel of former bankers and industry experts who have worked with hundreds of institutions already on conducting concise, credible, and efficient CECL calculations.
Attendees should have their most current Allowance package and whatever they have put together so far for their CECL methodology implementation at their disposal. Open office hours will be provided by Regan and Rob the morning of May 5th to help answer any outstanding questions generated from the material covered in the workshop.
Day 1 - Tuesday, May 3, 2022
Session 1: An Introduction to the New CECL Standard, 9:30 – 11:00
15-minute break
Session 2: CECL Modeling – Estimating Lifetime Expected Losses, 11:15 – 12:30
Breakout Session #1 – 12:30-1:00 p.m. Break up attendees into groups. 3 – 4 banks in a group
Wrap up of Breakout Session #1 - 1:00-1:30 p.m.
Day 2 - Wednesday, May 4, 2022
Session 3: Preparing for CECL – Who, What, When?, 9:30 – 10:30
Session 4: Examining Reasonable and Supportable Forecasts, 10:30 – 11:15
15-minute break
Breakout Session #2: Applied Learning, 11:30 – 12:00
Wrap up of Breakout Session #2 – 12:00-12:30
Session 5: Lessons Learned from SEC Filers, 12:30 – 1:30
Day 3 (Optional) - Thursday, May 5, 2022
Open Office Hours: Schedule dedicated 15-minute time slot with Regan or Rob, 9:30 -12:30
Regan and Rob will be available to answer specific questions that you would like to discuss related to the conversion from the incurred method you are currently using over to a CECL methodology.
Presenters: Regan Camp & Rob Newberry, Abrigo
This two-part program will be presented live on May 3 & 4, 9:30 a.m. - 1:30 p.m. Eastern Time
Optional one on one consultation in 15-minute time slots available on May 5
Recording available through August 4, 2022
Price: $395
If you have any questions please email or call Elizabeth DeHaven at edehaven@indiana.bank or 317-333-7169.