Agencies to Hold CECL Webinar

The federal financial institution regulatory agencies will host an interagency webinar focusing on the application of the Weighted-Average Remaining Maturity (WARM) method for estimating allowances for credit losses in accordance with the Current Expected Credit Losses (CECL) methodology. The event will be held in conjunction with FASB, SEC, and the Conference of State Bank Supervisors. The webinar is scheduled for April 11, 2019, from 2:00 PM to 3:30 PM ET.

The webinar will primarily address the use of the WARM method, as discussed in a January 2019 FASB Q&A document and presented as a means for estimating allowances for less complex financial asset pools under CECL.

The agencies are encouraging bankers to invite representatives from their functional areas within their institutions who are involved in the implementation of the new credit losses accounting standard and from their external audit firm to participate in the webinar.

Participants can join the webinar here. Advance registration is not required. Participants are encouraged to join the webinar at 1:45 PM.

A Q&A session will follow the formal presentation. The agencies are encouraging participants to submit questions in advance to the webinar producer at rapid@stls.frb.org.

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