The long road to CECL adoption is nearing an end for many SEC filers. A majority of 2020 filers have already implemented CECL and many lessons have been learned. SS&C Primatics will take you through the knowledge that’s been gained from CECL implementations and preview the road ahead at this September’s AICPA National Conference on Banks & Savings Institutions.
SS&C SVP of Product and Operations John Lankenau will kick off the second day of the conference with the session “CECL on the Eve of Adoption”to discuss where we have been, where we are now and where we are going. Attendees will hear how financial institutions have implemented CECL, including the pain points along the way and current thought leadership for the journey ahead.
John will address the million-dollar question: How can banks evaluate their CECL reserve? In that vein, he’ll first recap the requirements of CECL, revisit some of the early expectations and assumptions, and discuss how those have evolved over time. He will then dive into the primary drivers behind changes in the allowance under CECL. As the industry turns its attention from the CECL reserve number calculation to considerations for the future, John will highlight how banks can make the most of their CECL investments by leveraging this process and data for other business operations.
John’s talk is a can’t-miss session for any conference attendees looking to not just comply with the standard, but to have a true road map to 2020 and beyond. Be sure to attend.
Detailed session info:
Session Name: CECL on the Eve of Adoption: Lessons Learned and Where We Need to Go Presenters: John Lankenau, Senior Vice President – Product and Operations, SS&C Primatics Date and Time: Tuesday, September 10 at 7:30 a.m.