New, online forum for ALLL best practices, Q&A
Sageworks released a new online discussion Friday as a resource for banking clients or executives who are interested in the Allowance for Loan and Lease Losses (ALLL). The forum is a new LinkedIn Group, ALLL Forum for Bankers, and the group’s discussion will center on best practices, questions and answers, the latest regulatory changes and feedback on methodologies.
In addition to bankers, the group is also open to industry consultants, including Sageworks risk management consultants, who have worked on the implementation of ALLL methodology with more than 100 financial institutions ranging in size from less than $50M to more than $20B in assets. The consultants from Sageworks and other firms will be available to answer questions around the allowance for credit losses including, but not limited to:
•Qualitative Factors for the ALLL
•FASB-Proposed CECL Model
•Difference between FAS 114 and FAS 5
•When a Loan is Considered Impaired
•Historical Loss Rates
There’s no cost to join the group; however, group members must be approved before joining so as to maintain the integrity of conversations. If you have questions or would like to receive an invitation, contact us. Or, visit http://www.linkedin.com/groups?gid=4844399&trk=hb_side_g.