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. In Part I of this webinar series, professionals from Sageworks and CliftonLarsonAllen provided the latest information, factors your institution should consider when crafting a CECL implementation plan, example timelines for CECL implementation planning, important data components, how to future-proof your ALLL and the pitfalls of repurposing historical loss calculations for CECL.
The CECL Workshop Series Part II: Vintage AnalysisLibby Bierman
This webinar covered concerns with methodologies as institutions prepare for the FASB's proposed current expected credit loss (CECL) model. This presentation covered the importance of scenario building, choosing methodologies to test, and gave a deep dive into vintage analysis CECL scenarios.
CECL Methodology Series for C&I Loan PoolsLibby Bierman
In this webinar, Sageworks looks at methodologies that banks and credit unions will likely use for commercial and industrial loans when calculating the ALLL under CECL. See the recording at http://web.sageworks.com/cecl-methodology-webinar-series/
CECL Methodology Series for Consumer Loan PoolsLibby Bierman
Recording: http://web.sageworks.com/cecl-methodology-webinar-series/
In this webinar series, Sageworks consultants review the different loss rate methodologies that will be available for banks and credit unions under CECL and their applicability for different loan segments. In this session, they look at consumer loan pools and accounting for them under CECL.
During the CECL Methodology Webinar Series (http://web.sageworks.com/cecl-methodology-webinar-series/) questions from attendees have been compiled and answered. Access the recording to hear all the answers and dialogue: http://web.sageworks.com/cecl-methodology-webinar-series/
In this webinar, Sageworks consultants explained the role that forecasting can have in preparation for the FASB's CECL model and under the new accounting guidance. Access the recording at http://web.sageworks.com/cecl-methodology-webinar-series/
With the FASB’s current expected credit loss (CECL) model due to be released before the end of the year, there are many changes that banks and credit unions should plan for. These slides accompany a webinar, and cover a summary of the expected loss model as proposed, the do's and don'ts for bankers as they prepare, and ways that CECL will impact the ALLL calculation. View the corresponding webinar recording here: http://web.sageworks.com/cecl-prep-webinar/
Data Quality Considerations for CECL MeasurementLibby Bierman
This webinar covers how institutions should be getting their data ready for the Current Expected Credit Loss Model, CECL, which will be the new standard for the ALLL or allowance for loan and lease losses.
Find out more at alll.com.
In this webinar, Sageaworks presents some of the methodologies that institutions are most likely to use with CRE or commercial real estate pools under the CECL model. The recording is accessible here: http://web.sageworks.com/cecl-methodology-webinar-series/
The CECL Workshop Series Part II: Vintage AnalysisLibby Bierman
This webinar covered concerns with methodologies as institutions prepare for the FASB's proposed current expected credit loss (CECL) model. This presentation covered the importance of scenario building, choosing methodologies to test, and gave a deep dive into vintage analysis CECL scenarios.
CECL Methodology Series for C&I Loan PoolsLibby Bierman
In this webinar, Sageworks looks at methodologies that banks and credit unions will likely use for commercial and industrial loans when calculating the ALLL under CECL. See the recording at http://web.sageworks.com/cecl-methodology-webinar-series/
CECL Methodology Series for Consumer Loan PoolsLibby Bierman
Recording: http://web.sageworks.com/cecl-methodology-webinar-series/
In this webinar series, Sageworks consultants review the different loss rate methodologies that will be available for banks and credit unions under CECL and their applicability for different loan segments. In this session, they look at consumer loan pools and accounting for them under CECL.
During the CECL Methodology Webinar Series (http://web.sageworks.com/cecl-methodology-webinar-series/) questions from attendees have been compiled and answered. Access the recording to hear all the answers and dialogue: http://web.sageworks.com/cecl-methodology-webinar-series/
In this webinar, Sageworks consultants explained the role that forecasting can have in preparation for the FASB's CECL model and under the new accounting guidance. Access the recording at http://web.sageworks.com/cecl-methodology-webinar-series/
With the FASB’s current expected credit loss (CECL) model due to be released before the end of the year, there are many changes that banks and credit unions should plan for. These slides accompany a webinar, and cover a summary of the expected loss model as proposed, the do's and don'ts for bankers as they prepare, and ways that CECL will impact the ALLL calculation. View the corresponding webinar recording here: http://web.sageworks.com/cecl-prep-webinar/
Data Quality Considerations for CECL MeasurementLibby Bierman
This webinar covers how institutions should be getting their data ready for the Current Expected Credit Loss Model, CECL, which will be the new standard for the ALLL or allowance for loan and lease losses.
Find out more at alll.com.
In this webinar, Sageaworks presents some of the methodologies that institutions are most likely to use with CRE or commercial real estate pools under the CECL model. The recording is accessible here: http://web.sageworks.com/cecl-methodology-webinar-series/
CECL Methodology Series for Off-Balance-Sheet Credit ExposuresLibby Bierman
Sageworks Neekis Hammond walks attendees through the calculation and segmentation of liabilities and reserves as they may apply to this part of the portfolio under the CECL model.
Recording: http://web.sageworks.com/cecl-methodology-webinar-series/
Building a Better Small Business Borrower ExperienceLibby Bierman
Recording; http://web.sageworks.com/small-business-borrower-experience/
Banks, CUs and alternative lenders alike are competing for small business loans as a potential source of growth. As a result of the competition, progressive institutions are evaluating how to improve the borrower experience for SMEs. In this webinar, we review research showing how institutions can better meet this segment's needs and expectations.
Credit Unions will have to alter they way they account for credit losses as part of their allowance for loan and lease losses, assuming the FASB finalizes the CECL accounting standard in Q1 of 2016. In this presentation, learn what is changing for credit unions' ALLL and how to prepare.
CECL - Understanding Data Requirements for Expected LossesLibby Bierman
In the webinars, Sageworks presents an overview of data requirements for the expected credit losses. They look at common data pitfalls for community banks and how they can start to bridge data gaps.
Discounted Cash Flow Methodology for Banks and Credit UnionsLibby Bierman
As institutions prepare for the CECL or current expected credit loss model for the allowance for loan and lease losses (ALLL), institutions are prudently learning the various methodologies available to them. Discounted Cash Flow or DCF is one proposed methodology. This session presents best practices and use cases for the ALLL methodology. See the recording: http://web.sageworks.com/dcf-webinar/
CECL - The Relationship Between Credit and FinanceLibby Bierman
CECL planning requires collaboration between a bank or credit union's credit and finance functions for the aggregation and analysis of credit loss history. In these slides, find out how decisions made early in your implementation process will influence your ability to leverage results/outputs.
Digitizing SMB loans: Overcoming speed and borrower experience concernsLibby Bierman
Banks and Credit Unions can take a look at digitizing their business lending process, with the advantages of both improving the borrower experience and increasing scale.
Migration Analysis: The Way Forward for an Effective ALLL.
Financial institutions will learn about using migration analysis as a methodology to calculate their ALLL. The content covers: the process of migration analysis, how the methodology is viewed by regulators, challenges financial institutions face in implementing the methodology, benefits of using migration analysis compared to other methods, and an overview of recommendations for a financial institution considering implementing migration analysis.
Learning Objectives:
1) To understand what Migration Analysis is, and its role in calculating the ALLL.
2) To understand how Migration Analysis differs from other methodologies used in calculating a financial institution’s ALLL.
3) To gain an understanding of how Migration Analysis works within a loan portfolio.
4) To identify key requirements a financial institution needs to implement Migration Analysis, and how they can pose challenges.
5) To learn how Migration Analysis is viewed by regulators/regulation.
6) To identify the key benefits of using Migration Analysis over other methodologies.
7) To identify preparations a financial institution can take to transition from an existing methodology to Migration Analysis.
8) To understand how the advent of automated solutions has simplified Migration Analysis for financial institutions.
In this webinar from Sageworks, attendees were able to review key standard language regarding how acquired loans would be accounting for the ALLL (allowance for loan and lease losses) under the current expected credit loss or CECL Model.
In this webinar from Sageworks (see recording: http://web.sageworks.com/eliminate-manual-data-entry/), consultant Bryce Lugar reviews best practices for document management in the life of the loan, explaining how banks and credit unions can reduce paper waste, inefficiency and data risk in credit analysis.
HVCRE (high volatility commercial real estate): A PrimerLibby Bierman
In this webinar from Sageworks we cover the definition of High Volatility Commercial Real Estate (HVCRE) and best practices for mitigating concentration risk at banks and credit unions. Access this and other webinars at https://www.sageworks.com/banking/resources/bank-webinars/
In a recent poll, 42% of bankers indicated that commercial real estate is the primary focus for growth in the loan portfolio. At the same time, regulators are concerned that CRE may be overheating as lending standards have eased and CRE portfolios have experienced significant growth.
Building Blocks for Loan Portfolio Stress TestingLibby Bierman
Banks and credit unions that perform loan portfolio stress tests likely have a better understanding of credit risk that may reside in the portfolio within different concentrations. In this presentation, find out how to begin stress testing loans and the portfolio.
The FASB is expected to release its CECL or Current Expected Credit Losses Model in Q1 of 2016. The new accounting standard will impact the way banks calculate their allowance for loan and lease losses, forcing institutions to make some procedural changes to the way they account for credit risk.
Key learnings of recent AQR & CCAR exercises suggest that some significant moves are required to fulfil market & regulators expectations. In this context, CH&Cie is pleased to share with you the latest developments in implementing stress testing as well as best practices
Turn the STRESS in Stress Testing (Bank Loan Portfolios) into an Empowering E...Gateway Asset Management
Sponsored by Gateway Asset Management, this webinar document covers:
> Stress vs. Empowerment
> Primary Regulatory and Accounting Catalysts
> CECL- Current Expected Credit Loss Model/ALLL
> Stress Testing – Loan Portfolios
> Why Prepare for CECL and Stress Testing At The Same Time?
> Life-of-Loan "Base Case" & Stress Testing - Foundation - Building Blocks
> Models – Different sources and levels of sophistication
> Use of Models - Regulatory Guidance
> Why Start Preparing for CECL and Stress Testing Now?
Baker Hill Prosper 2017 - Anatomy of a Profitable Loan: Before and After You ...Baker Hill
presented by John Robertson and co-presented by Christie Behrens of Allegiance Bank
Borrowers have enjoyed the benefits of a low interest rate environment but with rates beginning to creep up, a financial institution must price effectively by valuing the whole relationship to grow. You can be ahead of your competition by understanding the anatomy of a loan before and after you close.
In response to the 2008 financial crisis, regulators and investors put pressure on the FASB and IASB to develop models that would require financial institutions to recognize losses earlier in the credit cycle. Measuring credit loss on Pools of loans...
Qualitative Risk Factors: How to Add Objectivity to an Otherwise Subjective Taskvimster
These qualitative adjustments are a challenge because they are inherently subjective in nature. The 2006 Interagency Policy Statement on the ALLL provides little direction on how these determinations should be made, advising only that “management should consider those current qualitative or environmental factors that are likely to cause estimated credit losses as of the evaluation date to differ from the group's historical loss experience.” It further vaguely explains that these determinations are to be “based on a comprehensive, well-documented and consistently applied analysis of its loan portfolio.”
This presentation was conducted at the 2015 Risk Management Summit, the premier ALLL and stress testing conference. In this session, Tim McPeak, executive risk management consultant at Sageworks, reviewed the key components of qualitative factors, how to justify them, and key data and drivers to review. He also reviewed how to set up a qualitative scoring matrix in order to add consistency to the process.
ALLL Data Management - 2015 Risk Management SummitLibby Bierman
This presentation was conducted at the 2015 Risk Management Summit, the premier ALLL and stress testing conference. The session reviewed the key data elements for the ALLL and stress testing, how to access and store the data and how to prepare for the FASB's CECL model.
Risk Rating Improvements for the ALLL in Banks and Credit UnionsLibby Bierman
Risk Ratings will play a pivotal role under CECL at banks and credit unions. In this presentation, find out how to improve risk rating systems, including PD/LGD or Probability of Default as well as internal matrices.
CECL Methodology Series for Off-Balance-Sheet Credit ExposuresLibby Bierman
Sageworks Neekis Hammond walks attendees through the calculation and segmentation of liabilities and reserves as they may apply to this part of the portfolio under the CECL model.
Recording: http://web.sageworks.com/cecl-methodology-webinar-series/
Building a Better Small Business Borrower ExperienceLibby Bierman
Recording; http://web.sageworks.com/small-business-borrower-experience/
Banks, CUs and alternative lenders alike are competing for small business loans as a potential source of growth. As a result of the competition, progressive institutions are evaluating how to improve the borrower experience for SMEs. In this webinar, we review research showing how institutions can better meet this segment's needs and expectations.
Credit Unions will have to alter they way they account for credit losses as part of their allowance for loan and lease losses, assuming the FASB finalizes the CECL accounting standard in Q1 of 2016. In this presentation, learn what is changing for credit unions' ALLL and how to prepare.
CECL - Understanding Data Requirements for Expected LossesLibby Bierman
In the webinars, Sageworks presents an overview of data requirements for the expected credit losses. They look at common data pitfalls for community banks and how they can start to bridge data gaps.
Discounted Cash Flow Methodology for Banks and Credit UnionsLibby Bierman
As institutions prepare for the CECL or current expected credit loss model for the allowance for loan and lease losses (ALLL), institutions are prudently learning the various methodologies available to them. Discounted Cash Flow or DCF is one proposed methodology. This session presents best practices and use cases for the ALLL methodology. See the recording: http://web.sageworks.com/dcf-webinar/
CECL - The Relationship Between Credit and FinanceLibby Bierman
CECL planning requires collaboration between a bank or credit union's credit and finance functions for the aggregation and analysis of credit loss history. In these slides, find out how decisions made early in your implementation process will influence your ability to leverage results/outputs.
Digitizing SMB loans: Overcoming speed and borrower experience concernsLibby Bierman
Banks and Credit Unions can take a look at digitizing their business lending process, with the advantages of both improving the borrower experience and increasing scale.
Migration Analysis: The Way Forward for an Effective ALLL.
Financial institutions will learn about using migration analysis as a methodology to calculate their ALLL. The content covers: the process of migration analysis, how the methodology is viewed by regulators, challenges financial institutions face in implementing the methodology, benefits of using migration analysis compared to other methods, and an overview of recommendations for a financial institution considering implementing migration analysis.
Learning Objectives:
1) To understand what Migration Analysis is, and its role in calculating the ALLL.
2) To understand how Migration Analysis differs from other methodologies used in calculating a financial institution’s ALLL.
3) To gain an understanding of how Migration Analysis works within a loan portfolio.
4) To identify key requirements a financial institution needs to implement Migration Analysis, and how they can pose challenges.
5) To learn how Migration Analysis is viewed by regulators/regulation.
6) To identify the key benefits of using Migration Analysis over other methodologies.
7) To identify preparations a financial institution can take to transition from an existing methodology to Migration Analysis.
8) To understand how the advent of automated solutions has simplified Migration Analysis for financial institutions.
In this webinar from Sageworks, attendees were able to review key standard language regarding how acquired loans would be accounting for the ALLL (allowance for loan and lease losses) under the current expected credit loss or CECL Model.
In this webinar from Sageworks (see recording: http://web.sageworks.com/eliminate-manual-data-entry/), consultant Bryce Lugar reviews best practices for document management in the life of the loan, explaining how banks and credit unions can reduce paper waste, inefficiency and data risk in credit analysis.
HVCRE (high volatility commercial real estate): A PrimerLibby Bierman
In this webinar from Sageworks we cover the definition of High Volatility Commercial Real Estate (HVCRE) and best practices for mitigating concentration risk at banks and credit unions. Access this and other webinars at https://www.sageworks.com/banking/resources/bank-webinars/
In a recent poll, 42% of bankers indicated that commercial real estate is the primary focus for growth in the loan portfolio. At the same time, regulators are concerned that CRE may be overheating as lending standards have eased and CRE portfolios have experienced significant growth.
Building Blocks for Loan Portfolio Stress TestingLibby Bierman
Banks and credit unions that perform loan portfolio stress tests likely have a better understanding of credit risk that may reside in the portfolio within different concentrations. In this presentation, find out how to begin stress testing loans and the portfolio.
The FASB is expected to release its CECL or Current Expected Credit Losses Model in Q1 of 2016. The new accounting standard will impact the way banks calculate their allowance for loan and lease losses, forcing institutions to make some procedural changes to the way they account for credit risk.
Key learnings of recent AQR & CCAR exercises suggest that some significant moves are required to fulfil market & regulators expectations. In this context, CH&Cie is pleased to share with you the latest developments in implementing stress testing as well as best practices
Turn the STRESS in Stress Testing (Bank Loan Portfolios) into an Empowering E...Gateway Asset Management
Sponsored by Gateway Asset Management, this webinar document covers:
> Stress vs. Empowerment
> Primary Regulatory and Accounting Catalysts
> CECL- Current Expected Credit Loss Model/ALLL
> Stress Testing – Loan Portfolios
> Why Prepare for CECL and Stress Testing At The Same Time?
> Life-of-Loan "Base Case" & Stress Testing - Foundation - Building Blocks
> Models – Different sources and levels of sophistication
> Use of Models - Regulatory Guidance
> Why Start Preparing for CECL and Stress Testing Now?
Baker Hill Prosper 2017 - Anatomy of a Profitable Loan: Before and After You ...Baker Hill
presented by John Robertson and co-presented by Christie Behrens of Allegiance Bank
Borrowers have enjoyed the benefits of a low interest rate environment but with rates beginning to creep up, a financial institution must price effectively by valuing the whole relationship to grow. You can be ahead of your competition by understanding the anatomy of a loan before and after you close.
In response to the 2008 financial crisis, regulators and investors put pressure on the FASB and IASB to develop models that would require financial institutions to recognize losses earlier in the credit cycle. Measuring credit loss on Pools of loans...
Qualitative Risk Factors: How to Add Objectivity to an Otherwise Subjective Taskvimster
These qualitative adjustments are a challenge because they are inherently subjective in nature. The 2006 Interagency Policy Statement on the ALLL provides little direction on how these determinations should be made, advising only that “management should consider those current qualitative or environmental factors that are likely to cause estimated credit losses as of the evaluation date to differ from the group's historical loss experience.” It further vaguely explains that these determinations are to be “based on a comprehensive, well-documented and consistently applied analysis of its loan portfolio.”
This presentation was conducted at the 2015 Risk Management Summit, the premier ALLL and stress testing conference. In this session, Tim McPeak, executive risk management consultant at Sageworks, reviewed the key components of qualitative factors, how to justify them, and key data and drivers to review. He also reviewed how to set up a qualitative scoring matrix in order to add consistency to the process.
ALLL Data Management - 2015 Risk Management SummitLibby Bierman
This presentation was conducted at the 2015 Risk Management Summit, the premier ALLL and stress testing conference. The session reviewed the key data elements for the ALLL and stress testing, how to access and store the data and how to prepare for the FASB's CECL model.
Risk Rating Improvements for the ALLL in Banks and Credit UnionsLibby Bierman
Risk Ratings will play a pivotal role under CECL at banks and credit unions. In this presentation, find out how to improve risk rating systems, including PD/LGD or Probability of Default as well as internal matrices.
Best Practices in Financial Planning and Analysis | 2013 Business Analytics S...Cartegraph
Loras College is proud to present our annual Business Analytics Symposium on March 27, 2014 at the Grand River Center in Dubuque, IA. Industry experts will share their insights about the evolving field of business analytics opportunities. Learn about everything from best practices when analyzing data to the importance and benefits of building a culture of analytics within your organization.
To learn more, secure your seat or to take advantage of group discounts visit www.loras.edu/bigdata.
Go "Beyond Benchmarking" with Sightlines' ROPA+ ServicesSightlines
You understand how critical it is to take control of our facilities strategies, and eliminate the guesswork so you can optimize operations and capital investments.
Now you can go "Beyond Benchmarking" to make the case for change with ROPA+, the intelligent facilities solution that empowers you to optimize operations and capital investments over time!
Learn how the new ROPA+ Service will allow you to make more informed policy and strategic decisions based on a comprehensive and unique offering that leads a process of: Discovery, Prediction and Performance.
Level Setting and Peering Around the Corner— Tips for Success in Your Organiz...Aggregage
This pandemic has tested the foundation of banks and the strength of the dollar. With all of us facing the same crisis, we are left with the same key questions, "Where are we now?" "Where are we going?" "How are we going to get there?" and "What impediments must we overcome?" Join Steve Andrews, President & CEO of the Western Bankers Association, for CBB's groundbreaking webinar! This exclusive webinar will go over the insider information your bank needs for level setting and peering around the corner. Steve will provide actionable insights, best practices, and real-world examples of the changing landscape of community banking.
CECL Is Either Working for You or You Are Working for CECLBaker Hill
FASB's new CECL standard imposes numerous expectations on financial institutions. Addressing the intent of FASB's CECL standard enables financial institutions to realize increased financial profitability, improved portfolio risk management, and more refined loan processes such as origination, underwriting, and monitoring. Are you prepared to reap the benefits of leveraging CECL throughout your organization?
Understanding the Full Lending Performance CycleBaker Hill
Most people see only one piece of the financial institution’s inner workings. This session will outline the full lending cycle and where performance is measured throughout
Cecl automation banking book analytics v3Sohail Farooq
Our CECL approach is designed to leverage internally available data with or without internal ratings. Our solution is cloud-based and is easily configurable with minimal consulting effort.
Original air date: Dec. 20, 2017
Recording available at http://www.mhmcpa.com
A number of updates from the SEC and the Financial Accounting Standards Board (FASB) have had an effect on public company accounting and SEC reporting. The AICPA Conference on Current SEC and PCAOB Developments, held December 4-6 in Washington D.C., highlights some of the key topics that will have an impact on SEC registrants and other public business entities moving forward.
Members of our team who attended the conference will provide a debriefing on the key points, tips and other guidance shared at the conference.
Compliance & Communication: The Dynamic Duo of DisclosurePearl Meyer
In the years since Dodd-Frank, we’ve seen CD&As undergo a sea change in both requirements and communication styles. This single, critical document must address increasingly complex compliance issues and at the same time, connect the dots between compensation strategy, business performance and pay outcomes. And it must clearly explain these points to multiple audiences, including employees and the media. There is no single answer or template, but today we’ll explore ideas that will help companies effectively tailor their CD&A to deliver the right balance of compliance and public communication.
Our discussion will be lead by a team from Pearl Meyer & Partners’ New York office, Managing Director Deborah Lifshey and Vice President Sharon Podstupka.
The CFO Guide to Data with Deloitte & WorkdayWorkday, Inc.
A recent explosion of data and rapidly evolving tools and techniques for managing it have made it difficult to turn data into value.
View this deck to hear how Deloitte and Workday are helping organizations get a handle on their data, deploying automated, analytics-based planning models, streamlining finance operations, and becoming truly decision ready.
Client Highlight- At Joint Commission: The Progression of a Planning & Foreca...Emtec Inc.
Solving immediate budgeting and forecasting process issues is quite daunting. Learn how one organization achieved budget, planning and forecasting excellence with a phased-in step by step process that lead to success throughout the entire organization.
Similar to The CECL Workshop Series Part I: Crafting Your Implementation Plan (20)
Member Business Lending: Growth and Risk ManagementLibby Bierman
Sageworks and Ancin Cooley, founder and principal of Synergy Credit Union Consulting, presented a webinar (access recording http://web.sageworks.com/risk-in-mbl-cooley/) reviewing how credit unions can develop and grow member business lending programs for their commercial members. Review to find out the risks inherent in MBL as well as benefits to this concentration.
Sageworks Steven Marting and Nick Miler from Clarity Advantage present how community banks and credit unions can make process improvements that equate to increasing demand and performance for small business lending.
ALLL Webinar | CECL Methodologies Series Kick OffLibby Bierman
In this session Sageworks' Brandon Russell and Neekis Hammond explain prepayments, attrition rates, the use of FICO and data requirements for the CECL model to be used for financial institutions' ALLL or allowance for loan and lease losses.
With the current expected credit loss (CECL) model for the Allowance on the horizon, bankers will be asked to create future-looking methodologies that adjust for reasonable and supportable forecasts. Without adequate modeling experience, that can be a challenge for community banks and credit unions.
Watch the full webinar here: http://web.sageworks.com/forward-looking-alll-adjustments/
Maintaining Credit Quality in Banks and Credit UnionsLibby Bierman
In this session, Sageworks presented different ways that people in the bank can curb credit risk in an effort to maintain and improve credit quality of the portfolio.
Sageworks solutions help institutions grow the portfolio profitably through good loans while at the same time reducing credit and regulatory risks. By automating processes, institutions eliminate manual errors and spend more time analyzing results, strengthening their methodologies or pursuing other revenue-generating activities. These solutions also improve examiner relationships, with well-documented processes that comply with the latest guidelines.
Commercial Real Estate Appraisal: How lenders can improve their CRE appraisal...Libby Bierman
Over the past 5 years the appraisal environment has seen many changes that have caused uncertainty and confusion. Despite the positive economic environment, the appraisal management and review process is still causing issues for financial institutions of all sizes. Sageworks has invited appraisal review and valuation management experts from MountainSeed to discuss the most common issues for lenders today.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
How Does CRISIL Evaluate Lenders in India for Credit RatingsShaheen Kumar
CRISIL evaluates lenders in India by analyzing financial performance, loan portfolio quality, risk management practices, capital adequacy, market position, and adherence to regulatory requirements. This comprehensive assessment ensures a thorough evaluation of creditworthiness and financial strength. Each criterion is meticulously examined to provide credible and reliable ratings.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how can I sell pi coins after successfully completing KYC
The CECL Workshop Series Part I: Crafting Your Implementation Plan
1. P R E S E N T E D B Y
Tim McPeak
Sageworks
Todd Sprang
CliftonLarsonAllen
Tom Danielson
CliftonLarsonAllen
2. • Ask questions throughout the
session using the
GoToWebinar control panel
• We will answer as many
questions as we can at the
end of the presentation
2
3. • Risk management thought leader
for institutions and examiners
• Featured in national and trade
media
3
• Loan portfolio and risk
management solutions
• More than 1,000 financial
institution clients
• Founded in 1998
4. 4
• A professional services firm with three, distinct business lines
» Wealth Advisory
» Outsourcing
» Audit, Tax, and Consulting
• Nearly 4,000 employees
• Offices coast to coast
• Serve more than 1,450 financial institutions
Investment advisory services are offered through CliftonLarsonAllen Wealth Advisors, LLC.
5. This presentation may include statements that constitute “forward-looking statements” relative to publicly available
industry data. Forward-looking statements often contain words such as “believe,” “expect,” “plans,” “project,” “target,”
“anticipate,” “will,” “should,” “see,” “guidance,” “confident” and similar terms. There can be no assurance that any of the future
events discussed will occur as anticipated, if at all, or that actual results on the industry will be as expected. Sageworks is not
responsible for the accuracy or validity of this publicly available industry data, or the outcome of the use of this data relative
to business or investment decisions made by the recipients of this data. Sageworks disclaims all representations and
warranties, express or implied. Risks and uncertainties include risks related to the effect of economic conditions and
financial market conditions; fluctuation in commodity prices, interest rates and foreign currency exchange rates. No
Sageworks employee is authorized to make recommendations or give advice as to any course of action that should be made
as an outcome of this data. The forward-looking statements and data speak only as of the date of this presentation and we
undertake no obligation to update or revise this information as of a later date.
5
6. Executive Risk Management Consultant
Sageworks
6
TIM MCPEAK
Principal
CliftonLarsonAllen
TOM DANIELSON
Principal
CliftonLarsonAllen
TODD SPRANG
8. • Factors your institution should consider when crafting a CECL implementation plan
• Example timelines for CECL implementation planning
• Important data components, and how to future-proof your ALLL
• The pitfalls of repurposing historical loss calculations for CECL
• Auditor concerns
8
CRAFTING YOUR IMPLEMENTATION PLAN
9. • FASB released proposal December 2012
• Current expected credit losses (CECL)
• What’s changed from Incurred Loss Model?
» Forward-looking requirements
» “Probable loss” threshold removed
• “No triggers, no thresholds” (“Fed Perspectives,” 2015)
» Need for accessible, loan-level data
» Longer loss horizon
» Makes ALLL more institution-wide calculation
• Purpose: Quicker recognition of losses. Changes in ALLL reserve balances will reflect
changes in credit quality and flow through bank earnings (“Fed Perspectives,” 2015)
9
10. Auditors
Regulators
Peers
In-house Experts
Outside Consultants
Vendors
10
When it comes time for implementation, institutions will
have a number of resources to consider:
• Regulators, industry experts, thought leadership
• All institutions will be going through the same process,
your institution is not alone
• Leverage in-house knowledge in your committee
• External assistance from consultants and vendors
11. “CECL implementation is, in many ways,
a project management challenge that
will affect most parts of your business to
one degree or another.” (“Fed Quarterly
Conversations,” 2015)
“The CECL model represents the biggest
change – ever – to bank accounting.”
(“ABA Letter to the FASB - CECL,” 2016)
11
Figure adapted from “Current Expected Credit Loss (CECL) Model: Answers to Your Questions,” by the Federal Reserve Bank of St Louis,
2015, Quarterly Conversations, Live from Eagle Bank and Trust Little Rock, AR. Retrieved from:
https://bsr.stlouisfed.org/conversations/includes/resources/November%202015%20Quarterly%20Conversations%20(CECL)_FINAL.pdf
Operational Credit Legal/Compliance
•Credit Business
Lines
•Mergers &
Acquisitions
•Counter-parties
•IT Systems
•Vendor
Management
•Regulatory
Reporting
•Tax
•Financial
Reporting
12. • Forming your committee:
» Look at how the allowance calculation flows through
your institution and how many business areas touch it
» Strive for senior level representation across all
departments
• Define the roles of the committee
» Set initial objectives and timelines
» Determine responsibilities and scope out resource
requirements
» Provide regular updates to senior management and
board
• Create project plan
» Document your roadmap as well as possible
» Meet regularly, as defined by the plan
12
CECL
Committee
CFO
Chief Risk
Officer
Audit
Technology
Workout
Head of
Credit
/Lending
13. • Must first evaluate your current process and methodology
» From data gathering to reporting/disclosures
» Often a few key individuals perform most of the work
• CECL will require significant collaboration across functional
areas
» Committee members must understand the role their
areas will play going forward
» Assumptions used for ALLL will need to be consistent
across other bank functions and models (ALM & Stress
Testing)
» Active committee creates checks and balances
• Opportunity to improve the ALLL process
» Not starting from scratch, but close to it
13
CECL
Committee
CFO
Chief Risk
Officer
Audit
Technology
Workout
Head of
Credit
/Lending
23. • Determine data requirements
» Build and house data (warehouse, report builder, data tools, reports)
» Work with core provider to extract data
» Start gathering and storing data
» Data validation
• CECL
» Review finalized CECL language / leverage available resources
» Review potential loss methodologies versus available data
» Begin modeling potential CECL scenarios
23
Key Action Items
• Build committee
• Set project plan
• Review final CECL language
• Inform board & management
of committee/ALLL changes
• Examine data/current
processes
24. • Continue modeling CECL scenarios / run multiple scenarios
» Begin running potential CECL models in parallel with current calculation
» IT testing (test data, validation, etc.)
» Internal and external audit review of ongoing model building
• Ensure accurate data by developing formal data validation process
• Identify if CECL calculations will require capital adjustment
• Provide management with regular reporting showing comparison of current ALLL versus
proposed CECL calculation, as well as whether additional capital will be needed
24
Key Action Items
• CECL scenario modeling
• Test methodologies
• Develop data validation
process
• Identify any capital issues
• Update board/management
25. • Identify final CECL model
» Audit approval, regulatory feedback, board approval
• Regular management and board reporting showing differences between ALLL and CECL
» Potential impact on ratios, earnings, capital purchase, shareholders and investor relations
• Incorporate model and reserve data into current portfolio management
» Pricing, reporting, stress testing
25
Key Action Items
• Identify final CECL model
• Incorporate model & reserve
data into current portfolio
management
• Capital adjustment
• Update board/management
26. • Fine-tune the new ALLL process and other related processes
» Ensure everyone is performing their duties
» Refine risk ratings
» Fine-tune loan pricing
• Regular management and board reporting for strategic planning to include new CECL numbers
26
Key Action Items
• Fine-tune new process
• Monitor ALLL levels
• Fine-tune risk ratings
• Fine-tune loan pricing
• Update board/management
30. 30
- Individual loan charge-offs
- Individual loan recoveries
- Individual loan balances
- Individual loan pool
segmentation
- Individual loan duration
MigrationAnalysis
Historical Loss
VintageAnalysis
- Individual loan
origination dates
- Individual loan
origination amounts- Individual loan risk
classification
- Migration of loans
between
classifications
• This is a data-driven exercise
• Don’t cheat yourself out of using
a methodology due to a lack of
information
• Gather industry information
» Shape of loss curves
» Prepayment assumptions
» Projected lifetime losses for
various types of loans by
loan vintage
31. • Ensuring that you are capturing the
proper data will give you more
flexibility in the methodologies you
can consider
• This is a data-driven exercise
• Don’t cheat yourself out of using a
methodology due to a lack of
information
• Gather industry information
» Shape of loss curves
» Prepayment assumptions
» Projected lifetime losses for
various types of loans by loan
vintage
31
- Individual loan charge-offs
- Individual loan recoveries
- Individual loan balances
- Individual loan pool
segmentation
- Individual loan duration
MigrationAnalysis
Historical Loss
VintageAnalysis
- Individual loan
origination dates
- Individual loan
origination amounts- Individual loan risk
classification
- Migration of loans
between
classifications
32. Probability of default
(default can be defined various ways)
• Days past due
• Accrual/restructure status
• Charge-off activity
• Bankruptcy
32
Loss given default
(LGDs can be measured various ways)
• Product/loan type
• Industry/geography
• Collateral type
Exposure at default
• Loan balance
Other Considerations
• Adjustments for current conditions
• Adjustments based on reasonable and supportable forecasts
• Historical data for period beyond forecast
• Credit risk information
33. • Not technically prohibited
• ‘It typically would be inappropriate’ for long-term assets according to the exposure
draft
• Ease seems to be the only advantage
• May create unwanted results for long-term assets
• May be appropriate for short-term loans
32
34. 825-15-55-24 It typically would be inappropriate to estimate the expected credit losses
for a long-term asset by multiplying an annual loss rate (that is, the net amount written off
in a 12-month period divided by the average amortized cost) by the remaining years of the
asset’s contractual term because loss experience is often not linear. That is, for certain
types of lending, credit losses are low shortly after origination, rise rapidly in the early
years of a loan, and then taper to a lower rate until maturity. When estimating expected
credit losses under this Subtopic, the loss rate should be commensurate with the current
credit risk of the financial asset.
33
35. Existing Calculation
CECL Calculation
Increase of 100%
Loan Type Loan Balance
Historical
Factors Q Factors
Allocation for
Historical
Losses
Allocation for Q
Factors
Total
Allocation
Commercial Real Estate $100,000,000 1.25% 0.25% $1,250,000 $250,000 $1,500,000
Example: Commercial real estate portfolio with a remaining life of four years
Date
Year End Loan
Balance Avg Balance
Loss Rate
+ Q Factors ALLL
12/31/X0 $100,000,000
12/31/X1 75,000,000 87,500,000 1.50% 1,312,500
12/31/X2 50,000,000 62,500,000 1.50% 937,500
12/31/X3 25,000,000 37,500,000 1.50% 562,500
12/31/X4 - 12,500,000 1.50% 187,500
$3,000,000
34
36. • Depending on the shape of the loss curve, the necessary reserves might be 25% less
than the $3 million shown on the previous slide
• Large increase in reserves for long-lived assets
• Discourages making long-term loans
• Doesn’t account for loss curves
» Low losses early
» Losses rise quickly
» Losses tail off as loans season
• Discouraged by standard setters
35
37. • Familiarity
• Ease
• Information is readily available
» Still need to gather information on expected life of loan
36
38. • Avoid the temptation of simply adapting your current methodology
• CECL seems to encourage other methods
• CECL expressly allows financial institutions to use multiple methods
• Learn about other methods
• Start gathering information needed
37
39. 39
• Reasonable and supportable forecast
» Time period the forecast covers
» Documenting forecast assumptions
• Documenting the economic cycle
» Cycle term
» Current point on the cycle
• Evaluating assumptions
» What is the definition of a default?
» Is the financial institution’s probability of default reasonable?
» Is the financial institution’s loss given default assumption reasonable?
• Proper use of industry data (when allowed)
» Everyone thinks they are above average
» Applying national data to a regional/local portfolio
41. 41
• Topics include:
» CECL
» Current ALLL best practices
» Stress Testing
• Speakers from CliftonLarsonAllen,
Grant Thornton, Sageworks and more
• sageworks.com/summit
42. 42
TIM MCPEAK
Executive Risk Management Consultant
Sageworks
Tim.mcpeak@sageworks.com
Ph. 919.242.2642
TODD SPRANG
Principal
CliftonLarsonAllen
todd.sprang@CLAconnect.com
Ph. 630.954.8175
TOM DANIELSON
Principal
CliftonLarsonAllen
thomas.danielson@CLAconnect.com
Ph. 612.376.4795
43. • CLAconnect.com – Learn more about CliftonLarsonAllen
• Sageworksanalyst.com – Learn about Sageworks risk management suite
• ALLL.com – Everything ALLL, including news articles, whitepapers and peer discussions
• ALLL Forum for Bankers – LinkedIn group for ALLL news & discussion
• CECL Post-release webinar - panel-style webinar with thought leaders from top accounting firms
• Interested in talking with a specialist?
» Email us now: sales@sageworks.com
43
44. • Federal Reserve Bank of St Louis, (2015). Current Expected Credit Loss (CECL) Model: Answers to Your
Questions. Quarterly Conversations, Live from Eagle Bank and Trust Little Rock, AR. Retrieved from:
https://bsr.stlouisfed.org/conversations/includes/resources/November%202015%20Quarterly%20Conv
ersations%20(CECL)_FINAL.pdf
• Merriett, S., Wakim, J., Satwah, S., (2015). An overview of the current Expected Credit Loss Model (CECL)
and Supervisory Expectations. Fed Perspectives. Retrieved from: https://bsr.stlouisfed.org/perspectives/
• Nichols, Rob, (2016). Re: CECL. A letter to Russell Golden. Retrieved from:
http://www.aba.com/Advocacy/LetterstoCongress/Documents/RussellGolden-FASB-011316.pdf
• Stackhouse, J., Sherrer, L., Ciluffo, S., (2015). Current Expected Credit Loss (CECL) Model: Answers to Your
Questions. Fed Quarterly Conversations. Retrieved from: https://bsr.stlouisfed.org/conversations/
44