Sageworks ALLL

Community Track

Description

Explore how making a few simplifying assumptions, using national forecasting data, and employing a remaining life method can produce a meaningful, pool-level loss estimate, even when the institution's historical data contains few (or no) losses.

The Community track will be most appropriate for institutions who forgo SEC filings or public investor scrutiny of the allowance. Additionally, since the Community track will leverage national instead of individualized forecasts and assumptions, this track will be best for institutions whose external audit firms accept these generic inputs. If the institution does plan to tweak their approach or leverage other models, the Community track can provide a rapid, meaningful starting point to limit risk in implementing the CECL standard.

Attendees will work collaboratively and in a hands-on technology environment to produce an Allowance for Credit Losses. The track will be relevant for institutions regardless of whether or not the institution subscribes to Sageworks ALLL. Rather, attendees will strengthen plans for the transition.

  • A streamlined approach to CECL that will provide institutions with a compliant albeit less sophisticated calculation
  • Appropriate for institutions desiring a CECL transition process that’s less dependent on custom calculations or assumptions
  • Appropriate for institutions who do not anticipate making public, investor representations regarding their allowance in the foreseeable future, and who do not expect scrutiny around basis adjustments such as accrued interest receivable
  • Product used for case study illustrations: Sageworks ALLL
Join Thousands of Institutions Preparing for CECL with Abrigo
Register to Attend

Onsite Agenda

9:30 am – 10:00 am: Check In
10:00 am – 12:00 pm: Panel Discussion of Pre-Workshop Content
12:00 pm – 12:45 pm: Open Lunch/Break
12:45 pm – 2:00 pm: Practicum I: Remaining Life and Residential Real Estate
2:00 pm – 2:30 pm: Post-Practicum I Report-Out
2:30 pm – 3:30 pm: Practicum II: Remaining Life Advanced Topics and Commercial Real Estate
3:30 pm – 4:00 pm: Post-Practicum II Report-Out
4:00 pm – 5:00 pm: Cocktail Networking Reception

Looking for Banker’s Toolbox? You are in the Right Place!

Banker’s Toolbox is now Abrigo, giving you a single source for all your enterprise risk management needs. Use the login button here, or the link in the top navigation, to log in to Banker’s Toolbox Community Online.

Make yourself at home!