Events Calendar

CECL Implications for Planners & Procrastinators: Deadline January 1, 2023
Thursday, August 11, 2022, 03:00pm - 04:30pm

Are you a CECL planner or procrastinator? With the initial, perceived complexity and a global pandemic intervening, many financial institutions put off CECL implementation.

But with a deadline of January 1, 2023, it’s time to move the process along! Join us to learn how to prepare the initial CECL calculations, so you’ll be able to analyze the expected impact on your organization.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Create a roadmap for starting CECL preparation for late adopters
  • Use the provided resources for basic CECL implementation
  • Know how financial institutions that have adopted CECL have been impacted
  • Understand regulatory expectations for implementing CECL
  • Discuss the impact of CECL adoption with your board

WEBINAR DETAILS

CECL was first introduced in 2016. It is a significant change to loan loss reserve calculations and initially was seen as an overly complex rule that would potentially have a substantial impact on many financial institutions. Originally scheduled for implementation in January 2020, the deadline is now January 1, 2023 – and further delays are unlikely.

This webinar will provide a simple roadmap for implementing CECL, including a review of available resources to get started. You’ll discover how CECL has impacted early adopters. You’ll also learn the regulators’ expectations for the implementation and use of CECL, including how regulators are preparing to examine for CECL compliance.

WHO SHOULD ATTEND?

This informative session is designed for members of senior management that seek a high-level understanding of CECL today. It will also provide practical tips for staff responsible for managing CECL.

TAKE-AWAY TOOLKIT

  • List of CECL resources that have been reviewed for current, accurate, and usable content
  • Employee training log
  • Interactive quiz
  • PDF of slides and speaker’s contact info for follow-up questions
  • Attendance certificate provided to self-report CE credits

Speaker: Bob Viering, RIVERPOINTUSA LLC

Biography: Bob Viering brings over 35 years of banking experience to RiverPointUSA, where he concentrates on management and board planning activities, such as strategic, capital, and succession planning, de novo bank formation, assisting with managing regulatory agreements, loan review, and credit process assessment. He has served as a bank director and was an independent member of a bank’s audit committee.

Prior to becoming a consultant, Bob was a de novo bank organizer responsible for all regulatory filings, planning, recruiting, and also serving as CEO. He has been an advisor for other de novo bank formations. Earlier in his career, Bob held various management positions with large and regional banks, including market president and regional credit officer. In addition, he has managed deposit and loan operations groups and was a lender to local, regional, and international businesses. He has also served as a board member of state and national trade associations.