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“Timely” Risk Management Summit connects bankers and thought leaders

December 13, 2013
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More than 100 bankers and industry experts gathered in Nashville, TN, last week for the 2nd Annual Risk Management Summit hosted by Sageworks. The Summit was the final installment of Sageworks’ nationwide ALLL discussion series, which included seminars in cities such as Chicago, Miami, Louisville and Dallas throughout 2013.

Summit Poll Question

The Summit focused on emerging trends and best practices in the allowance for loan and lease losses (ALLL), stress testing and capital planning. Industry-leading experts from CliftonLarsonAllen, Crowe Horwath, CEIS Review, Linda Keith CPA and RMPI Consulting, among others, led a variety of discussions, such as:

• FASB’s CECL Model: What Next?
• Managing Financial Risks Strategically in Light of Emerging Regulation
• Demystifying Migration Analysis
• Integrating Risk Appetite, Stress Testing and Capital Planning
• How to Decide and Defend When Upgrading a Loan for ALLL

There were also panel discussions that covered critical regulatory updates on Dodd-Frank, Basel III, M&A activity, ALLL and stress testing. Leading experts from Clark Street Capital, Baker Donelson, Deloitte & Touche and StoneCastle Partners, among others, contributed to these sessions.

Institutions that subscribe to Sageworks’ risk management solutions for ALLL or stress testing benefited from breakout sessions that focused on solution best practices.

The Summit was applicable to both experienced and new risk management professionals and from institutions large and small. As one attendee noted, “I’m relatively new to the position I currently hold, so the Summit helped me to gain some general knowledge, as well as identify some hot button issues, both through the presentations and discussions with fellow attendees.”

Bankers discuss challenges with expert

Attendees also appreciated the expertise and diversity of experience from speakers at the Summit: “One of the best seminars I have attended.  All the speakers were not only educated in their subject matter, but also were very good speakers and kept me engaged and interested.”

One of the timeliest sessions according to attendees covered the pending FASB CECL Model. For more information on how to prepare for forthcoming changes, download the whitepaper: FASB’s CECL Model: How to Prepare Now.

A 3rd Annual Risk Management Summit is planned for 2014, and announcements will be made when plans are finalized. Contact us to learn more.

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