CECL and change management slated for Summit

RALEIGH, NC (July 25, 2017) — This September, the annual Risk Management Summit for bank and credit union executives will take place in downtown Denver, CO. The event is hosted by Sageworks, a financial information company that provides lending, credit risk and portfolio risk solutions.

The keynote at the banking conference will be Alan Parisse, a change management expert. His keynote speech, Leadership in Changing Times, is geared towards individuals looking to overcome internal organization challenges, effectively communicate to stakeholders in times of change and leverage change for opportunity.

With the Financial Accounting Standards Board’s (FASB) guidance on the current expected credit loss (CECL) model, bank and credit union professionals are bracing for change more than ever. During the keynote, the audience will learn how successful leaders must be willing to let go of what has worked in the past, open their systems and be pulled by the future.

The CECL standard has, by some industry figures, been labeled the biggest change ever to bank accounting. It will require data and procedural changes within U.S. institutions, likely forcing more coordination amongst bank departments as well.

The theme of succeeding in the face of change flows throughout the Sageworks’ 2017 Summit agenda. For example, the Summit’s banker panel will feature a CFO, CCO, CEO and COO, who will share their top challenges for 2018 and beyond. Additionally, the agenda includes sessions on adapting to SMB borrower expectations, growing lenders into advisors and updating the bank’s risk management framework to incorporate CECL learnings.

The conference runs September 25 – 27 and will include a mix of presentations, panels, roundtables with peer institutions and networking events including Banker Appreciation Night at Coors Field. Late registration kicks in after Friday, August 11, when registration fees increase by $100.

For more information or to register, visit or email

About Sageworks

Sageworks offers banks and credit unions lending, credit risk and portfolio risk software to efficiently grow and improve the borrower experience. By automating the life of the loan with Sageworks, bankers book commercial loans faster and reduce risk. Sageworks uniquely provides integrated solutions and industry expertise to more than 1,400 financial institutions that achieve an average 38% higher loan growth than peers. Visit to learn more.


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