Please join the Philadelphia Chapter of RMA as we welcome Peter Cherpack, EVP and Principal, at Ardmore Banking Advisors, Inc. The Current Expected Credit Loss (CECL) methodology is a major departure from the way the ALLL has been calculated in the past. FASB has new rules regarding the need for robust data collection methods. Mr. Cherpack will lead a discussion on meeting the need for capturing, storing, and reporting on loan level loss information. Topics include:
• Antitrust admonition• CECL hot buttons / Where is your bank in the process?• Regulatory Expectations.• Project Plan and Project Team• Data collection • Models/approaches• Estimating the impact and potential issues• Parallel testing• Accounting/regulatory issues Read More about Peter Cherpack HERE.
Read Peter Cherpack’s article on CECL featured in the October issue of the RMA Journal by clicking HERE.Time: 8-8:30 am - Registration/Breakfast/Networking
8:30 - 11:30 am - Roundtable discussion
Please Note: All Registrants will be required to show ID and be on the registration list in order to enter the building. No walk-ins will be accepted for this program.