Program Description

Description

JANUARY VIRTUAL CHAPTER MEETING

Wednesday, January 20, 2021 4:00PM - 6:00PM

4:00PM - 5:00PM

Topic

How to Integrate Stress Testing into your ALLL and CECL

Speaker

Invictus

The pandemic has placed a spotlight on how important it is for banks to synchronize their stress testing and their loan loss reserving under both the incurred loss method and especially CECL. This session will not only discuss how banks can integrate these two critical analytical processes, but also demonstrate how stress testing can be used to directly drive the loan loss reserve calculation. Those banks that can do this most effectively will have the proper data and analytics to optimize their reserve as well as defend it with regulators and auditors.

5:00PM - 6:00PM

Topic

A Comprehensive Approach for LIBOR Transition

Speaker

Manny Ngan CFA
BDO USA LLP

The imminent end of the London Inter-Bank Offered Rate (“LIBOR”) after its five-decade prominence as the primary benchmark rate has prompted many companies to start allocating resources to focus on transition readiness programs. As the LIBOR is set to be phased out by the end of 2021, market practitioners are expected to have implemented processes and procedures in adopting new reference alternative rates (“ARRs”) for their floating rate financial instruments.

 

Registration to the live session includes:

  • One online connection

  • CPE credit for registrant

  • Permission to reproduce the handouts and other written material for additional attendees at your location

Only registered attendees of the live session can obtain CPE credit

Credit Hours

Earn up to 2 hour of CPE credit.

  • Level:

  • Prerequisites:

Basic to Intermediate

None

Accounting | Business Management

None

  • Advance Preparation:

  • Field of Study:

  • Instructional Method:

Live-Group

For more information regarding administrative policies such as concerns or refunds, call 312-578-1300. FMS is registered with the National Association of State Boards of Accountancy as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses. Complaints regarding sponsors may be addressed to: The National Registry of CPE Sponsors, 150 Fourth Avenue, North, Suite 700, Nashville, TN 37219-2417 Web: www.nasba.org.

Cost

Members Free
Non-Members Free

After registering, you will receive a confirmation email containing information about joining the webinar.

1 North LaSalle Street | Suite 875

Chicago, IL 60602-3908

312-578-1300

FMSChapter@FMSinc.org

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© 2020 Financial Managers Society - New York/New Jersey Chapter

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