As most of us know the Financial Accounting Standards Board (FASB) introduced the new Current Expected Credit Loss (CECL) standard last year to better understand the credit risk associated with the portfolio and reporting on financial instruments in financial statements. A successful implementation of CECL requires better integration between accounting and risk management and access to an expanded historical data set to calculate credit reserves. CECL creates a waterfall effect for financial accounting and the budgeting and planning teams. Creating a plan and asking proactive questions will help the institution better prepare for the changes and avoid the myths and misconceptions.

Learn about:
· What CECL means for data retention and storage
· Timelines and implementation concerns
· How other risk and accounting functions are impacted
· Long-term impacts to lending decisions

CFOs, Controllers, Financial Accountants and Asset Liability Managers should join Fiserv experts for an educational and informative discussion to learn how your institution might be able to create a strategy to manage the new process. We’ll discuss what’s ahead for the coming FASB CECL mandate and how your institution can be better prepared.

Key Speakers

Thomas Caragher
Sr Product Manager, Financial & Risk Management Solutions, Fiserv
Mike Sisk
Contributing Editor American Banker