Webinars

A new Financial Accounting Standards Board (FASB) disclosure requirement makes several material changes to the U.S. generally accepted accounting principles (GAAP). Among the changes are new requirements for determining the fair value disclosure of financial institutions’ loan portfolios.

(ASU) 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, went into effect for financial statements beginning after 12/31/17. The update requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes in accordance with Topic 820.

Proper loan pool segmentation, already a critical issue in the incurred-loss method of calculating the allowance for loan and leases losses (ALLL), is expected to have even more importance under the current expected credit loss model (CECL). Various methodologies for forecasting expected credit losses will require specific kinds of segmentation in order to execute them.

Join Abrigo Executive Risk Management Consultant Rob Ashbaugh as he discusses how to revisit loan pools for ALLL calculations under CECL.

In this webinar, Abrigo Executive Risk Management Consultant Tim McPeak discussed how as the transition to CECL moves closer, many smaller financial institutions have started to grapple with how to apply the new standard to their ALLL process in a practical way. He followed up on some of the questions and methods presented during the February regulatory webinar and focused on the key elements of the standard financial institutions need to consider as they plan their path forward. Specific topics included portfolio segmentation, available loss rate methods, qualitative factors, and forecasts.

In this webinar, which first aired on Sept. 29, 2016, Brandon Russell, an ALLL specialist from Abrigo, reviewed trends in managing the allowance for loan and lease losses in today's environment. The session explained how many financial institutions have little loss history from which to build accurate and supportable historical loss rates, which means many institutions turn to qualitative factor adjustments to bolster loss rates and the ALLL levels.

Banks and credit unions may be asked to create future-looking methodologies for the Allowance for Loan and Lease Losses (ALLL) in light of the newly released CECL mode. These methodologies will require adjustments for reasonable and supportable forecasts, but if the institution doesn't have a history of quantitative modelling or staff that has adequate modeling experience, that can be a challenge for community banks and credit unions.

The FASB finalized the CECL standard. This webinar features a roundtable discussion with industry professionals who explore what the final standard means for your institution. Hosted by Abrigo' Tim McPeak, learn what the final standard will require and the steps your institution should consider taking for making a smooth transition to compliance.

You know the basics of CECL, now learn actionable ways to prepare your institution and ALLL. In the third installment of this webinar series, and the last prior to CECL finalization on June 16, professionals from Abrigo and CliftonLarsonAllen provided the latest information, including revisions to the guidance, key insights and examples to help you prepare your institution for compliance.

"Big data" is a phrase we often hear in the news as revolutionizing nearly every industry. This technology is making its way into banking – and not just in FinTech and large, national financial institutions. Data can be captured and analyzed locally by banks and credit unions of any size to build better and more informed insights into risk, portfolio composition and strategic planning.

In this one-hour session, Garver Moore and Jami Princ dive into what it means for bankers to transition to a data-driven world. This webinar details various aspects of data storage and quality, common pitfalls, impact on the ALLL and how to leverage data to minimize subjectivity in the ALLL.

Scenario analysis is a key exercise that enables bankers to assess the ALLL under various assumptions, allowing bankers to create projections and better incorporate risk management functions into strategic planning.

In this on-demand webinar, Aaron Lenhart details the importance of scenario analysis under current GAAP and how to incorporate exercises that will be an integral part of planning for CECL implementation. The presentation includes key factors to consider, example scenarios, key CECL preparation information and tips for improving or beginning scenario analysis in your institution.

Part II of the series focused on scenario building, giving an in-depth discussion and illustration of CECL scenarios using the vintage analysis methodology. The FASB’s CECL guidance is expected to be released in the first half of 2016. Implementation will be required in 2019 or 2020, but it is imperative to start readying a plan now.

Part I of the series focused on forming an implementation committee and project plan, as well as covering example implementation timelines. The FASB’s CECL guidance is expected to be released in the first half of 2016. Implementation will be required in 2019 or 2020, but it is imperative to start readying a plan now. You know the basics of CECL, now learn actionable ways to prepare your institution.

When the FASB releases final guidance on the CECL model, Abrigo will conduct a panel-style webinar with thought leaders from top accounting firms. Various industry experts will cover what the guidance means for the ALLL calculation, how will it impact institutions and what must bankers do to comply?. This webinar will be held shortly after the release of guidance. Register now to reserve your seat and/or secure the recording if you cannot attend.