“Very timely” risk management summit assists bankers in meeting ongoing challenges

RALEIGH, NC (December 10, 2013) —  More than 100 bankers and industry thought leaders gathered in Nashville, TN on December 5-6, 2013 for the Risk Management Summit hosted by Sageworks. The event, the final installment of an ALLL discussion series which took place around the country during 2013, focused on emerging trends and best practices in the allowance (ALLL), stress testing and capital planning – three topics that have been front of mind for bankers this year.

The Summit included discussions that, according to one attendee, were “very timely, informative sessions with true experts on respective topics.” The discussions spanned the following areas:

  • Prepping for the FASB’s CECL model
  • Institution and concentration stress testing
  • Adopting migration analysis
  • Integrating risk appetites into capital planning
  • Calculating and documenting year-end reserves

Attendees represented institutions that ranged in size from $50 million in assets to $88 billion, yielding a variety of exam experiences and feedback for the discussions. One attendee mentioned they benefited most from hearing “How other institutions both larger and smaller are handling the same issues.”

The Summit also attracted industry-leading experts from Clifton Larson Allen, Crowe Horwath, Deloitte & Touche, CEIS Review and RMPI Consulting, among others.

Discussions were geared to both experienced and new risk management professionals: “I am new to this job function and very limited in my knowledge of ALLL calculation, FAS 5, and FAS 114, but I have learned a lot these past two days,” noted one attendee. “It was a good use of time and money.” For those banks that subscribe to Sageworks’ risk management solutions for ALLL or stress testing, there were additional sessions focused on usage best practices.

Announcements will be made when plans for the 3rd Annual Summit are finalized next year.

About Sageworks

Raleigh, NC-based Sageworks is a financial information company. Sageworks’ data and applications are used by thousands of financial professionals across North America to analyze privately held companies.


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