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Sageworks CECL Methodology Webinar Series starts strong: Registration still open

By Community Bank Insight Staff, January 5, 2017

First installment saw 1,200+ registrants

Sageworks, a financial information company that provides lending, credit risk and portfolio risk solutions to banks and credit unions, is continuing its CECL Methodology Webinar Series in 2017. The first webinar of the series, held on December 15, 2016, had more than 1,200 registrants and more than 700 attendees, including bankers, financial-institution consultants, regulators and accounting firms.

The CECL model was announced in June 2016 and requires a forward-looking approach to calculating an institution’s allowance for loan and lease losses. Now in 2017, institutions are another year into the implementation timeframe for CECL and another year closer to requirements, and risk management professionals are looking for practical guidance about implementation. The Series, therefore, spans ten total webinars so presenters can provide specific and actionable advice.

During the first webinar, Sageworks risk management consultants Neekis Hammond and Brandon Russell provided an overview of available CECL methodologies, including a close look at data required for calculations and determining the life of a loan.

The bi-weekly webinar series continues with the next session on January 12th at 2 p.m. ET. Consultants will discuss the CECL calculations performed on a CRE loan pool using both spreadsheet models and Sageworks ALLL. The remaining webinars in the series will cover Consumer and C&I Pool CECL methodologies, forecasting with CECL, calculations in a software environment, and an in-depth Q&A on CECL methodologies.

Recorded content from the December 15th session – data required to perform vintage, migration, PD/LGD and DCF calculations, as well as life of loan for past due matured loans, maturing loans and short-term loans – is available on the Series registration page: CECL Methodology Webinar Series.

For more information on the CECL Methodology Webinar Series and to register for the remaining installments, visit web.sageworks.com/cecl-methodology-webinar-series/.

For the full story featuring Sageworks, visit Community Bank Insight - Sageworks CECL Methodology Webinar Series starts strong: Registration still open