Ask the CECL Project Manager
CECL is today’s dominant issue for everyone involved in the allowance and attendees to the MST 2016 National ALLL Conference will be treated to a session by the individual arguably most familiar with the new ALLL accounting standard. Since the inception of the concept in 2011, Rahul Gupta has been the FASB CECL project manager, at the helm throughout the development of CECL, navigating the queries and concerns from all sides of the issue and industry, through the refinements and adjustments, to the concretization of the standard’s final version.
Mr. Gupta is a partner in the National Professional Standards Group (NPSG) of Grant Thornton LLP in Chicago. He supports Grant Thornton engagement teams and clients with expertise in both GAAP and IFRS. He is Grant Thornton’s liaison not only with FASB, but its international counterpart, the International Accounting Standards Board (IASB), as well as the AICPA and SEC.
Your CECL questions answered
If you want to know what CECL will mean to your bank, who better to question than the person who has overseen the development of the standard since it was first announced in 2011. And as an attendee to the 2016 National ALLL Conference, you will be able to do just that, ask Mr. Gupta; his session will be a Q&A: your questions, your concerns, your challenges – and his answers.
National ALLL Conference
As the only national conference dedicated to the allowance, the MST National Conference on the ALLL has brought together as presenters some of the nation’s top experts on all aspects of the allowance. Each year – we’re now planning our sixth annual conference – we invite the previous year’s top rated speakers to return, then complement our roster with new presenters that bring new expertise and perspective and broaden our scope of coverage. For example, last year we added a session on economic factors banks will be required to consider as they project future losses under the new FASB ALLL accounting standard, Current Expected Credit Losses (CECL). This year we’re venturing into several new areas such as behavioral economics and how to address your Board’s concerns about CECL.
In all, the 2016 National ALLL Conference promises to be the most informative and important of our conferences yet. We hope to see you there.
Registration closing March 31, 2016. So register today.
Not familiar with MST? Learn more about how MST helps banks and credit unions to manage the inherent risk in their loan portfolios.
Since 2005, MST has implemented technology solutions to help financial institutions simultaneously simplify and sophisticate the way they manage the inherent risk in their loan portfolios. MST is the leader and pioneer in ALLL software solutions and education for financial institutions across the U.S., and is committed to its leadership role in developing and refining products that address ALLL compliance requirements as they evolve, including under the new CECL accounting standard. MST solutions are bank-tailored, integrate with core & other data systems, deliver greater control to policy, and exponentially improve efficiencies – all of which positively impact profitability.