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.
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.
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.