2019 Crowe Financial Services Conference – Dallas

Location: Dallas, TX
Start date:

11/18/2019 1:30 PM

End date:

11/19/2019 3:30 PM

Industries: Banking, Financial Services

Event location

The Ritz-Carlton
2121 McKinney Avenue
Dallas, TX



Hotel information

The Ritz-Carlton
2121 McKinney Avenue
Dallas, TX 75201
+1 214 922 0200
Rate: $329+
Web reservation

CPE information

Recommended for 9.0 hours

Fields of study*:
5.0 Accounting
2.0 Auditing
2.0 Information technology
1.0 Management services
1.0 Tax
2.0 Specialized knowledge

*Actual field of study depends on which optional session is attended on day one.

Cost

There is a $100 fee per person for this conference, which includes sessions both days and meals and social functions outlined in the location agendas. Payment via credit card will be made available on registration confirmation page.

Agenda

Day one
1:30-2 p.m.   Registration and welcome
2-3:40 p.m.   Breakout sessions
CEO/audit committee/board member roundtable on operational and risk-related topics
Private bank CFO/controller application disclosure best practices
The SOX reboot: Are your bank's controls still key?
3:40-4 p.m.   Break
4-4:50 p.m.   Strategies for improving operating efficiency 
4:50-5 p.m.   Wrapup
5-7 p.m.   Reception
Day two
8-8:30 a.m.   Registration and breakfast
8:30-8:45 a.m.   Welcome
8:45-9:35 a.m.   Emerging regulatory issues and outlook
9:35-10:25 a.m.   Strategies for digital transformation
10:25-10:40 a.m.   Break
10:40-11:30 a.m.   Accounting and financial reporting developments (Part I)
11:30 a.m.-12:30 p.m.   Lunch
12:30-1:20 p.m.   Accounting and financial reporting developments (Part II)
1:20-2:10 p.m.   Hot topics
2:10-2:25 p.m.   Break
2:25-3:15 p.m.   Tax update
3:15-3:30 p.m.   Wrapup and Q&A

Session descriptions

Day one

CEO/audit committee/board member roundtable on operational and risk-related topics

Trends in technology are having a major impact on financial institutions – from enabling new competitors, to changing customer expectations for capabilities and experience, to automating processes and decision-making. In many respects banking is becoming a technology business.

These roundtable discussions, organized by job role, give participants the opportunity to learn and share what is happening in the industry regarding technology. Crowe will provide a brief overview of the impacts of technology on the industry and then facilitate group discussion around several topics, including fintech competition, new customer applications and experiences, the impact of digital technology on streamlining processes, the transformation of the payment system, enhanced needs for risk management and model validation, managing technology vendor relationships, the future of the core systems, and other topics related to the digital transformation in the industry.

Participants in this session should be able to:

  • Describe new technology trends
  • Explain the impact of technology on strategy
  • Identify approaches their institution could take in the digital transformation of the industry
Private bank CFO/controller application disclosure best practices

This session features a deep dive with case studies for CFOs and controllers on best practices in lease implementation, capturing value from CECL, and other hot topics.

Participants in this session should be able to: 

  • Apply best practices for adoption of the lease standard, including possible software solutions, key completeness controls, and implementation practical expedients, as well as disclosure recommendations
  • Explain various value-added ideas that can be gained from CECL adoption
  • Discuss other recent accounting developments and their impacts on private bank financial statements
The SOX reboot: Are your bank's controls still key?  

This session will help SOX and internal audit teams better execute on testing controls and offers best practices for efficiently and effectively updating controls.

Participants in this session should be able to:

  • Review their current lists of key controls and streamline them to be more efficient yet still effective to meet regulatory and external auditor expectations
Strategies for improving operating efficiency

Trends in customer expectations, competition, technology, and investor expectations are creating pressure on banks to be more efficient while at the same time improving customer experience, growing revenue, implementing new technologies, and managing risk. Organizational efficiency is a key contributor to funding the investments required. During this presentation Crowe specialists will describe several approaches to improving operational performance and efficiency and share examples of what banks are doing. Areas discussed will include branches, lending, deposit operations, IT, and contact centers.

Participants in this session should be able to:

  • Implement changes to job roles, workflow, and management, which can improve efficiency and performance
  • Identify ways that technology could be used to reduce costs
  • Explain how to change and improve operational performance

Day two

Emerging regulatory issues and outlook

This session will provide an update on the evolving regulatory landscape and outline key focus areas for federal financial institution regulators in recent safety and soundness examinations. We will also provide updates on legislative efforts relating to banking with marijuana-related businesses, potential BSA/AML reform, and more. 

Participants in this session should be able to:

  • Describe the major regulatory risks and legislative activities affecting the industry
  • Assess the regulators’ focus on risk and document consideration of risks from a strategic perspective
Strategies for digital transformation

To be more competitive and more profitable, banks must reframe their strategies to address the impacts of digital transformation on the industry. Banks are making significant changes to the ways they serve customers and operate through their use of digital technologies, data, and process automation.

This presentation will cover strategic approaches to digital transformation and will include a review of fintech capabilities, vendor relations, the importance of data, balancing digital with person-to-person banking, lending automation, treasury management services, and the digital impact on branches and contact centers. Crowe professionals will share what we see as the strongest strategic business models for competing in the new digital world, including customer experience, onboarding, analytics, marketing, fintech partnerships, online lending, and streamlined back offices.

Participants in this session should be able to:

  • Recommend steps for their banks to take to reframe their digital strategies
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 CPAs (AICPA), and the federal financial institutions regulators. This session will cover major standards, including the current expected credit losses (CECL) model and other standards effective for 2019 and issued during 2019, which are likely to affect financial institutions. 

Participants in this session should be able to: 

  • Explain and apply final accounting standards and other changes in financial reporting for financial institutions
Hot topics

The session will include a discussion on current hot topics in the banking industry. 

Participants in this session should be able to:

  • Advise their organizations on important trending issues affecting the industry
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. 

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
  • Address the impact of GAAP changes in the tax calculation