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Lending & Credit Risk

Sageworks continues nationwide ALLL discussion series

August 27, 2013
Read Time: 0 min

**Please check our most recent blog post regarding the latest changes to the FASB deadlines.**

 

On Thursday, August 15th, Sageworks hosted a breakfast, networking and discussion event at Henrietta’s Table in Cambridge, Massachusetts. Jay Gallo, partner at RMPI Consulting, and consulting staff from Sageworks discussed topics related to stress testing and the allowance for loan and lease losses with a room of New England bank executives.

The event earlier this month was the fifth in Sageworks’ 2013 Discussion Series on the Allowance for Loan and Lease Losses. Through this series, Sageworks partners with industry experts and leading consulting firms to provide valuable information about regulatory issues, common challenges and best practices for portfolio risk management to financial institution executives.

An overview of the two most recent events, Chicago and Cambridge, is provided below.

Cambridge, MA – Thursday, August 15th

 

Presentation topics:
Integrating Risk Appetite, Stress Testing and Capital Planning
How to Calculate FAS 5 Reserves

Speakers:
Jay Gallo, partner at RMPI Consulting
Sageworks consulting staff

Event highlight:
Jay Gallo discussed risk appetite, how stress testing fits in and how institutions can define their own risk appetite.

Chicago, IL – Wednesday, June 19th

 

Presentation topics:
Impact of FASB’s CECL Model
Rebalancing the Loan Portfolio
FAS 5: Pooled Loan Analysis

Speakers:
Todd Sprang, partner at CliftonLarsonAllen
Jon Winick, president of Clark Street Capital
Sageworks consulting staff

Event highlight:
Todd Sprang discussed the FASB CECL model, comment letter themes from various viewpoints, as well as the potential implementation timeline.

The next discussion series event will be held in Dallas, TX on November 5th and will be co-hosted with Professional Bank Services, Inc.

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Abrigo enables U.S. financial institutions to support their communities through technology that fights financial crime, grows loans and deposits, and optimizes risk. Abrigo's platform centralizes the institution's data, creates a digital user experience, ensures compliance, and delivers efficiency for scale and profitable growth.

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