RALEIGH, NC (May 19, 2016) — Sageworks, a financial information company that provides loan portfolio and risk management solutions to banks and credit unions, announced that the third installment of the free webinar series, The CECL Workshop Series, with CliftonLarsonAllen, is officially accepting registrations. The first two installments earlier this year were attended by over 1,000 financial professionals. The webinar will be held on Tuesday, June 7th from 2:00 p.m. to 3:00 p.m. (ET).
The Financial Accounting Standards Board’s (FASB) current expected credit loss (CECL) model standard is expected to be released in June. For many institutions, implementation will be required in 2020 or 2021, but it is imperative to be preparing now. Most know the basics of CECL; this webinar will share actionable ways to prepare your institution and ALLL.
In the third installment of this webinar series, professionals from Sageworks and CliftonLarsonAllen will provide the latest information, including revisions to the guidance, key insights and examples to help you prepare your institution for compliance.
Join this webinar to learn:
To register for The CECL Workshop Series (Part III), visit http://web.sageworks.com/cecl-workshop-series/.
The first installment of The CECL Workshop Series focused on factors institutions should consider when crafting a CECL implementation plan. Example timelines for CECL implementation planning were examined, and important data components were analyzed in order to help institutions understand how to future-proof their ALLL.
The second installment of The CECL Workshop Series covered example loss methodologies under CECL; particularly vintage analysis. In this lifetime-loss thought experiment, an early-stage example model of vintage analysis was shared and the corresponding impact on the current ALLL was analyzed.
Can’t make it on June 7th? Register and receive the on-demand recording after the presentation date. CPE not offered.
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 www.sageworks.com to learn more.
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