2018 Crowe Financial Services Conference 
Now a one-and-a-half-day event
Location: New York
Start date: 11/15/2018
End date: 11/16/2018
Industries: Banking, Financial Services
Event location

730 3rd Ave.
New York, NY 10017

The Lexington Hotel
511 Lexington Ave.
New York, NY 10017

Rate: $339+
+1 800 223 4932 (reference Crowe Financial group)



Session times may change. Final agendas and confirmations will be emailed 30 days prior to the event. See below for detailed session descriptions.
Day one
1:30 – 2:00 p.m.     Registration and welcome
 2:00 – 3:40 p.m  

Breakout sessions

  • Audit committee, board member, and CEO
  • CFO and controller
 3:40 – 4:00 p.m. Break
 4:00 – 4:50 p.m. How CECL impacts M&A strategy
 4:50 – 5:00 p.m. Wrap-up
 5:00 – 7:00 p.m. Reception

Day two
9:00 – 9:30 a.m. Registration and breakfast 
9:30 – 9:45 a.m. Welcome
9:45 – 10:35 a.m.
Using automation and understanding data to improve service delivery
10:35 – 11:25 a.m. Hedging strategies in a rising rate environment 
11:25 – 11:40 a.m. Break
11:40 a.m. – 12:30 p.m.  Accounting and financial reporting developments (Part 1)
12:30 – 1:30 p.m. Lunch
1:30 – 2:20 p.m. Accounting and financial reporting developments (Part 2)
2:20 – 3:10 p.m.  Regulatory update
3:10 – 3:25 p.m. Break
3:25 – 4:15 p.m. Tax update
4:15 – 4:30 p.m. Wrap-up and Q&A

CPE information

Recommended for 9.0 hours:
6.0 Accounting
1.0 Tax
2.0 Specialized knowledge

Learn more

Prerequisites: Employee of or consultant to a financial institution
Program level: Overview
Advance preparation: None
Instructional delivery method: Group live

Sessions Descriptions

Day one
Audit committee, board member, and CEO breakout (optional)
This interactive session is designed to address the conceptual impact of new standards, inform on changes in regulations, and introduce technology concepts including data security and the evolving area of data analytics. This session will allow participants to interact with peers and discuss critical and emerging areas impacting financial institutions including: new standards, changes in regulation and how technology continues to mold banking activities. Participants in this session should be able to describe how the new rules and technology are affecting financial institutions.
CFO and controller breakout (optional)
This workshop will provide baseline information about the current expected credit loss (CECL) standard while concentrating on takeaways from the presenters' CECL implementation experience. A successful transition will align accounting and regulatory needs/objectives to implement an appropriate CECL methodology and will involve five major decisions: 1. Risk identification (specific to your portfolio characteristics); 2. Data inventory (identify data gaps necessary to build the model); 3. Resource capabilities (decision to engage external resources, where necessary); 4. Enabling technology (how your current systems are adapting and potential limitations of those systems); and 5. Governance and oversight (collaborative effort and establishing roles and responsibilities). Afterward, participants in this session should be able to explain the standard, describe various models and methodologies available under the standard, apply lessons learned from implementation projects to date, and assist in developing a road map for implementation.
How CECL affects M&A strategy
While CECL will not affect SEC filers until 2020 and non-SEC filers until 2021, there is an immediate impact on M&A strategies being contemplated. Potential acquirers need to consider the cost and effort required to implement CECL on the target’s portfolio, including performing additional due diligence to understand the availability and usability of the target’s historical loss data and the target’s current state of readiness. Additionally, CECL will affect potential earnings differently than today’s allowance methodology, which could affect pricing and timing decisions. Participants in this session should be able to describe CECL’s effect on their M&A strategies and develop action items to assist acquirers in better segmenting and estimating lifetime losses on acquired portfolios after the session.

Day two

Sessions vary by location. See agenda above for sessions offered at this location.

Accounting and financial reporting developments

This session will focus on the latest accounting and financial reporting developments of interest to financial institutions, covering recent developments from the Financial Accounting Standards Board (FASB), the Securities and Exchange Commission (SEC), the Public Company Accounting Oversight Board (PCAOB), the American Institute of Certified Public Accountants (AICPA), and the federal financial institutions regulators. This session will cover major standards, including credit losses, which introduces the Current Expected Credit Losses (CECL) model. In addition, this session will cover other standards effective for 2018 and issued during 2018, and likely to affect financial institutions. After the session, participants should be able to explain and apply final accounting standards and other changes in financial reporting for financial institutions.

Tax update
This session will provide an overview of recent tax developments affecting financial institutions, from the impact of recent federal tax law changes and related IRS initiatives, to financial accounting developments that will affect how taxable income is determined. Afterward, participants in this session should be able to explain the impact of recent federal tax law changes, identify areas of emerging IRS and Treasury tax guidance, and address the impact of GAAP changes in the tax calculation.
Hedging strategies in a rising rate environment
With rates heading up, what strategies should you be considering today? In this session, we will discuss current rising-rate hedge strategies as well as new opportunities thanks to ASU 2017-12. Following this session, participants should be able to review their use of derivatives as part of their overall asset liability management.
Regulatory update
This session will provide an update on emerging regulatory topics and current focus areas for federal regulators in safety and soundness examinations. Topics include but are not limited to: updates on regulatory reform efforts, enhanced supervisory standards, third-party risk, and internal audit. After the presentation, participants in this session should be able to describe the risks affecting the industry, assess the regulators’ focus on risk, implement best practices for assessing and mitigating risk, and document consideration of risks from a strategic perspective.
Digital transformation: Who, what, why, how, and when
To be more competitive and more profitable, banks must reframe their strategies to address the impacts of digital transformation. Banks are making significant changes to the way they serve customers and operate through their use of digital technologies, data, and process automation. The changes are so significant that the term “digital transformation” is becoming a common way to describe what is happening. Banks must innovate based on what customers want, not what banks think they want.  Investments in digital transformation may not have immediately obvious returns and risks. This presentation will describe the multiple ways banks can change their businesses through digital technology and what Crowe sees banks doing currently. The session will also address the importance of data, balancing digital with person-to-person banking, and the impact of digital on branches. Participants in this session should be able to recommend steps for their banks to take to reframe their digital strategies after the presentation.
Using automation and understanding data to improve service delivery
Customers want relevant product offerings, proactive customer interactions, and smooth processes. Each of these important desires represents key customer interactions that can be enhanced by embracing data analytics and automated solutions. This session will offer an overview of practical ideas about how to use data and analytics to your advantage to grow relationships, improve efficiency, and effectively compete. Participants in this session should be able to advise their institutions on the use of automation to improve the efficiency and effectiveness of their service delivery channels.
ERM and ALM: How balance sheet decisions affect risk
The session will include a discussion on enterprise risk management concepts, best practices, and the updated COSO framework. We will explore how balance sheet decisions affect risk and strategy, and ways to integrate these decisions with risk management practices. Participants in this session should be able to make improved risk-based balance sheet decisions going forward.