March 8: COVID’s Continued Impact on CECL and Lending

February 24, 2022

2020 predicted astronomical loss forecasts due to government lockdowns and spiraling case counts. Government stimulus, forbearance, PPP programs and a viable vaccine all contributed to stave off those estimated losses that never fully materialized.

This webinar, Tuesday, March 8 from 2:00 PM – 3:00 PM ET, will provide an overview of CECL, pre and post COVID. Presenters will discuss why reserves rose so significantly and why they have recently started to diminish. This webinar will provide a in-depth discussion on COVID’s impact to lending, the balance sheet and income statement. Presenters will attempt to forecast for what’s to come.

Objectives:
A better understanding of the calculations, projections and process that is CECL
2022 and 2023 will begin the transition away from ALLL to CECL. What to expect and how to prepare.
The silver lining once you get beyond the implementation of CECL and how it can help a lender be more data driven in their process.
Reporting and requirements

Who Should Attend?
C-Suite: CEO’s, CFO’s & CCO’s
Risk Professionals
Finance and Accounting Departments
Marketing and communications leads

Speakers:
John Toohig, Managing Director/Head of Whole Loan Trading, Raymond James
Robby Holditch, Director, Moody’s Analytics

For more information, click: https://www.mba.org/store/events/education/meeting/webinar/covids-continued-impact-on-cecl-and-lending