Monday, September 12, 2022
7:30 AM – 6:15 PM EDT
Registration Open
8:00 AM – 9:00 AM EDT
Continental Breakfast
9:00 AM – 10:25 AM EDT
BAN2201. Opening Remarks | Keynote: Economic Outlook for the Midterm Elections: Biden Agenda, Inflation and Growth
Peter Morici
- Economist and Author, Professor at the Smith School of Business | University of MarylandThe presentation will examine the performance of the Obama, Trump and Biden economies, how the Biden economic agenda has contributed to inflation and growth, and the prospects for bringing inflation under control while achieving a soft landing and sustained progress in 2023.
Specific topics will include how COVID, the war in Ukraine and China’s difficulties are stressing the U.S. economy and challenging Administration and Federal Reserve policymakers.
Learning Objectives:
- Determine the foundations of growth and inflation
- Analyze the limitation imposed by outside forces - COVID etc.
- Identify reasonable expectations for business decision makers
10:25 AM – 10:55 AM EDT
Networking Break & Exhibits
10:55 AM – 11:45 AM EDT
BAN2202. SEC Updates from the Office of the Chief Accountant
Kevin Vaughn
- Senior Associate Chief Accountant | U.S. Securities & Exchange CommissionPaul Munter
- Acting Chief Accountant | U.S. SECThis panel will feature updates from the Office of the Chief Accountant of the SEC on its work relating to accounting and auditing matters, including activities relating to oversight of accounting and auditing standard-setters, technical accounting consultations, and international coordination.
Learning Objectives:
- Assess filing review observations, including those relating to COVID-19, CECL and banking specific responses
- Interpret rule-making initiatives
- Evaluate matters regarding division monitoring and activities
11:55 AM – 1:10 PM EDT
BAN2203. FASB Update
Hillary Salo
- Technical Director | FASBSusan Cosper
- Board Member | Financial Accounting Standards BoardDuring the past year, the FASB has focused on addressing priority issues identified by stakeholders—including the banking industry--as part of its 2021 agenda consultation project. Digital assets, software costs, and income tax disclosures are just some of the topics being addressed in new technical agenda projects. The Board also continues to conduct its post-implementation review (PIR) of the current expected credit losses (CECL) standard, which resulted in recently issued guidance to improve the usefulness of information provided to investors about certain loan refinancings, restructurings and write-offs, as well as an active project on acquired financial assets. During this panel, FASB Member Sue Cosper and Technical Director Hillary Salo will provide an overview of these and other projects that may impact the banking industry and why your feedback is continues to be important to help inform the Board’s work. They will conclude with an audience Q and A.
Learning Objectives:
- Assess progress on priority topics identified by stakeholders during the FASB’s 2021 agenda consultation process
- Interpret the FASB’s recently issued guidance to enhance disclosure requirements for certain loan refinancings and restructurings by creditors made to borrowers experiencing financial difficulty
- Evaluate the FASB’s current project on acquired financial assets
- Evaluate progress on other PIR and standard-setting activities relevant to banks and savings institutions.
2:10 PM – 3:25 PM EDT
BAN2204. You’ve Got Talent: Building a Workforce for the Future
Eric Newell
- EVP, Chief Financial Officer | Equity BankStefanie Coleman
- Principal - People Advisory Services | EYShannon Flynn
- Executive Director | JPMorgan Chase Bank, N.ADara Klein
- Managing Director | Kaplan PartnersIn our new normal, Talent Management matters even more than ever. Leadership succession in the C-Suite and throughout the institution is a priority on Boardroom agendas, and regulatory scrutiny of succession plans is on the rise at all institutions. Is your institution a magnet for top talent or are you seeing talent leave the organization? How is your institution managing the increasing demands for workplace flexibility and competitive compensation?
How are you helping your managers to better navigate the challenges of overseeing an increasingly mobile next generation of workers, especially when they may not be together in person very often.
We’ll discuss these issues and new realities together in this panel discussion, with experts from JP Morgan Chase, EY and Equity Bank. We’ll also hear Best Practices from our panel as well as key areas of focus from Talent Expert, Executive Search and Board Advisor, Dara Klein, Managing Director Kaplan Partners.
Learning Objectives:
- Choose talent management as a key priority in the Boardroom.
- Analyze how workers today are open to change for a flexible work environment and the opportunity for career development.
- Identify how institutions are feeling increased employee retention and acquisition pressure – with compensation at all levels, exceeding recent norms. Mid-Year Raises to retain or One-Time Payments to acquire talent are becoming standard.
3:25 PM – 3:55 PM EDT
Networking Break & Exhibits
3:55 PM – 5:10 PM EDT
BAN2205. Understanding Risk and Hedging – Back to Basics
Matthew Foley
- Managing Director - Valuation & Business Analytics | BDO USA, LLPThis session will define the types of risk and explain key concepts of hedging, as well as typical pros and cons. We will walk through core types of risk exposures facing financial institutions (by the asset class) and explore how to handle the review and analysis of level 3 assets/liabilities (highest designation of risk for fair value assets/liabilities).
Learning Objectives:
- Determine how/why these risk types reside on a balance sheet (trading book, entities in different countries etc). Example “what is IR risk and why do we have it”?
- Identify one example from each asset class/risk type, assess the risk and hear examples of how to effectively transfer/mitigate the risk through derivative hedging
- Evaluate a macro approach as well as creating a valuation uncertainty framework where the unobservable risk is documented, and reasonable alternative input is selected.
3:55 PM – 5:10 PM EDT
BAN2206. Upskilling from Web 2.0 to Web 3.0 and Implications for Banks
Raquel Look
- Digital Assets l Financial Services | Deloitte & Touche LLPGalen Simmons
- Digital Assets l Financial Services | Deloitte & Touche LLPRichard Rosenthal
- Principal | Deloitte & Touche LLPThis session will explore the foundations of Web 3.0 and the implications to banks. We will go over key features of Web 3.0, its evolution from Web 2.0 (and Web 1.0), and what it will mean for banks. We will also go over the different challenges and considerations for adoption.
Learning Objectives:
- Analyze Foundations of Web 3.0: What is Web 3.0 and the Evolution from Web 2.0
- Identify challenges and considerations for adopting Web 3.0
- Calculate impacts and Considerations for Banks
- Determine the way forward: how banks can get started
5:20 PM – 6:10 PM EDT
BAN2207. SEC Updates from Corporation Finance and Office of the Chief Accountant
Stephanie Sullivan
- Associate Chief Accountant | U.S. Securities and Exchange CommissionRachel Mincin
- Senior Associate Chief Accountant | U.S. Securities & Exchange CommissionThe Division of Corporation Finance and the Office of the Chief Accountant have been active on many fronts this past year. Join this session for developments and priorities of Corp Fin and OCA regarding banking and registrant matters.
Learning Objectives:
- Assess filing review observations, including those relating to banking specific responses
- Analyze rule-making initiatives
- Identify matters regarding division monitoring and activities
5:20 PM – 6:10 PM EDT
BAN2208. Performance and Outlook for Banks
Catherine Mealor
- Managing Director | Keefe, Bruyette and WoodsThis session will discuss the performance of the banking industry and share an outlook for the primary drivers to the future performance of bank stocks.
Learning Objectives:
- Evaluate information on bank operating trends from the latest quarterly disclosures
- Assess primary drivers to the performance of bank stocks
6:15 PM – 7:30 PM EDT
BAN2201-REPLAY. Keynote: Economic Outlook for the Midterm Elections: Biden Agenda, Inflation and Growth (Replay)
Peter Morici
- Economist and Author, Professor at the Smith School of Business | University of MarylandThis session will examine the performance of the Obama, Trump and Biden economies, how the Biden economic agenda has contributed to inflation and growth, and the prospects for bringing inflation under control while achieving a soft landing and sustained progress in 2023.
Specific topics will include how COVID, the war in Ukraine and China’s difficulties are stressing the U.S. economy and challenging Administration and Federal Reserve policymakers.
Learning Objectives:
- Determine the foundations of growth and inflation
- Analyze the limitation imposed by outside forces - COVID etc.
- Identify reasonable expectations for business decision makers
Tuesday, September 13, 2022
7:00 AM – 6:00 PM EDT
Registration Open
7:30 AM – 9:00 AM EDT
Continental Breakfast and Vendor Display
8:00 AM – 8:50 AM EDT
BAN22SS01. Staying Nimble: The Ins and Outs of Effective Scenario Planning, presented by Syntellis Performance Solutions
Heather Hinchley
- Sr. Solutions Engineer | Syntellis Performance SolutionsHow agile is your institution? Though currently in a low-rate, high-deposit environment, have you identified short and long-term scenarios based on key business drivers for when the financial market inevitably changes? In this session, Sr. Solutions Engineer Heather Hinchley will walk us through best practices for effective scenario planning and practical applications for financial institutions.
Learning Objectives:
- Analyze what scenario planning really means – and what you should be modeling in today’s environment
- Identify the specific drivers you should look at, and tips for incorporating those driver assumptions to create meaningful scenarios
- Determine how to understand the downstream effects of specific scenarios/assumptions on your current forecast
8:00 AM – 8:50 AM EDT
BAN22SS02. Securitizations and Participations - Reaching the Checkered Flag!, presented by Grant Thornton
Rachel Binder
- Senior Manager, National Professional Practice | Grant Thornton LLPMatthew Esposito
- Partner, Accounting Advisory Services | Grant Thornton LLPWhile many of us race to the finish our loan sale accounting, this session will provide an overview of common accounting potholes associated with securitization and participation transactions, with a focus on residential mortgages. While keeping your eyes on that first-place finish, this session will make you aware of common warning flags when analyzing securitization vehicles for consolidation and necessary accounting pit stops to make when determining whether loans transferred may be accounted for as loan sales.
This session will provide an overview of securitization transactions, consolidation analysis, sale and MSR accounting, special considerations, legal opinions, Mortgage Participation Programs, and Fintech Programs.
Learning Objectives:
- Identify key accounting issues associated with common securitization and participation structures
- Recognize control and documentation procedures to support accounting conclusions
8:00 AM – 8:50 AM EDT
BAN22SS03. Cyber Risk and Regulatory Compliance 101 for Non-Security Financial and Accounting Business Leaders presented by Deloitte
Tiffany Kleemann
- Managing Director of Clients and Markets - Cyber and Strategic Risk Practice | Deloitte & Touche LLPAs organizations strive to increase revenue and grow their business to reach a new generation of customers, there are evolving business enablement projects underway to transform the digital customer experience, modernize core IT systems, and accelerate cloud adoption to compete more effectively in the market, all while driving efficiencies and managing costs. At the same time, there are several business challenges to be addressed, such as financial regulatory compliance requirements, M&A activity, operating increasingly complex IT ecosystems with distributed operations, managing remote workforces, and third-party supply chain risks. These dynamics have created a growing need to deploy cybersecurity and risk management programs that address the evolving threat landscape, associated business risks, and the growing cyber regulatory landscape. Is your organization addressing these matters? Are you effectively preparing for the proposed SEC Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure Proposed Ruling? Is your organization concerned about the increasing cost and the business impact of a data breach? During this session, we will provide an overview of the cyber threat landscape and latest tech trends, industry-wide and financial/accounting challenges and drivers affected by those trends, some specific business outcomes that an effective cyber security program can enable, and the evolving cyber regulatory environment and what it means for your business and your role as a non-security leader.
Learning Objectives:
- Recognize the cyber threat landscape and latest tech trends, industry-wide and financial/accounting challenges, and drivers affected by those trends
- Identify the key business outcomes that an effective cyber security program can enable.
- Assess the evolving cyber regulatory environment and what it means for your business and your role as a non-security leader
9:00 AM – 10:15 AM EDT
BAN2209. The Future of Humalogy in Banking
Scott Klososky
- Tech Entrepreneur, Author, & Founder, Future Point of View | Future Point of View LLCTechnology has had a growing impact on the process of banking for the past 30 years and the digital transformation of banking is not slowing down at all. New tools such as digital intelligence, cognitive automation, and fintech of every sort are coming together to speed up who wins and loses going forward. We now must understand the impacts of integrating of humans and technology (Humalogy) to get banking done. Our team members and customers are feeling the impacts of Humalogy, some of which are exciting while others are exhausting.
Learning Objectives:
- Analyze the Humalogy Scale and how it can be used to score levels of automation
- Compare the impacts of technology on the banking process over the next three to five years
- Determine the importance of Digital Wellness for team members
- Identify leadership priorities in the next stage of the Digital Transformation
10:15 AM – 10:45 AM EDT
Networking Break & Exhibits
10:45 AM – 12:00 PM EDT
BAN2210. Federal Banking Agencies: A Fireside Chat with the Chief Accountants
Sydney Garmong
- Partner, National Office | Crowe LLPAmanda Freedle
- Deputy Comptroller and Chief Accountant | Office of the Comptroller of the CurrencyShannon Beattie
- Chief Accountant | FDICLara Lylozian
- Chief Accountant | Federal Reserve BoardThe chief accountants of the Federal Banking Agencies will share current perspectives on a variety of financial accounting and reporting topics and policy developments. Hear the latest thinking on the allowance, for both ALLL and ACL, including implementation of the CECL methodology, updated guidance on loan modifications, as well as the agencies’ initiatives related to digital assets, climate change and other emerging areas.
Learning Objectives:
- Evaluate the regulatory financial reporting developments
- Evaluate the supervisory policy developments
- Analyze the perspectives on the implementation of accounting standards, including CECL
12:00 PM – 1:00 PM EDT
Networking Lunch (onsite)
1:00 PM – 1:50 PM EDT
BAN2211. Federal Banking Agencies: A Fireside Chat with the Chief Accountants Q&A
Sydney Garmong
- Partner, National Office | Crowe LLPAmanda Freedle
- Deputy Comptroller and Chief Accountant | Office of the Comptroller of the CurrencyShannon Beattie
- Chief Accountant | FDICLara Lylozian
- Chief Accountant | Federal Reserve BoardJoin this session to have your questions answered by the chief accountants on topics including the allowance (both ALLL and ACL), loan modifications, digital assets, climate change, and other financial reporting observations
Learning Objectives:
- Evaluate the regulatory financial reporting developments
- Evaluate the supervisory policy developments
- Analyze the perspectives on the implementation of accounting standards, including CECL
2:00 PM – 3:15 PM EDT
BAN2212. Fintech Accounting Issues: What You Need to Know!
Andrew Mense
- Director | PwCDaniel Goerlich
- Partner | PwCThis session will cover the accounting hot topics of FinTech companies in a concise manner. We will explore the differences in fundamental accounting and financial reporting that these disruptive new joiners to the financial services industry.
Learning Objectives:
- Identify the Fintech ecosystem and key trends in financial services disruption
- Analyze the types of strategies being used to offer FinTech products and services to customers
- Determine the new types of accounting and financial reporting issues needed to navigate the complexity of FinTech
- Assess the KPI and reporting hot topics of FinTech
2:00 PM – 3:15 PM EDT
BAN2213. Mid-Size Bank Chief Accounting Officer Panel
Nancy Maloney
- Controller/CAO | Huntington BankRyan Richards
- Corporate Controller | Zions BancorporationDavid Cornish
- EVP, Chief Accounting Officer & Corporate Controller | Santander USMichael Hall
- Partner | KPMG LLPHear from mid-sized bank CAOs/Controllers about how their banks are addressing operational, financial reporting and regulatory matters.
Learning Objectives:
- Evaluate changes in operations due to changes in economy, workforce, etc.
- Analyze top of mind accounting and financial reporting matters
- Identify operational efficiency challenges
2:00 PM – 3:15 PM EDT
BAN2214. Benchmark Rates: Operational Considerations
Ryan Henley
- Managing Director, Head of Financial Institutions Strategies | StifelWith the Libor cessation date approaching, institutions continue to confront a range of issues related to both legacy and new instruments on the balance sheet. In this session, we will review the range of issues associated with cessation, and how many in the industry are approaching these issues. The session will explore these items from both an operational and accounting perspective, to give full context for arriving at strategic conclusions.
Learning Objectives:
- Analyze the timeline of Libor cessation across each index
- Determine the key considerations regarding fallback language across different contract types (loans, bonds, derivatives, etc.)
- Identify a strategy for how to address all Libor exposure types including legacy "tough contracts" without key fallback language
3:15 PM – 3:45 PM EDT
Networking Break & Exhibits
3:45 PM – 4:35 PM EDT
BAN2215. Complex Estimates: The Changing Landscape
Kali Nosek
- Audit Senior Manager | DeloitteMeredith Lincoln
- Audit Director | Deloitte & Touche LLPMonty Maisano
- Senior Manager | Deloitte & Touche LLPChris Malejko
- Senior Vice President | Bank of AmericaThis session will focus on complex accounting estimates, including the changing landscape of accounting estimates and considerations for auditing complex accounting estimates.
Learning Objectives:
- Identify changes as a result of standard setting related to accounting estimates
- Recognize considerations related to understanding how management makes accounting estimates
- Recall key considerations for auditing complex accounting estimates
3:45 PM – 4:35 PM EDT
BAN2216. Emerging Tax Developments Impacting Your Institution
David Thornton
- Partner | Crowe LLPThis session will provide attendees with an overview of emerging tax developments impacting the financial services industry and will be presented in terms that the non-tax-professional can understand. Topics to be discussed include an up-to-date analysis of proposed tax legislation and its impact on the financial services industry, tax considerations resulting from the proliferation of non-traditional market players and practices, and a summary of FASB’s tentative Emerging Issues Task Force (EITF) proposal to expand the application of the proportional amortization method of accounting to tax credit partnership investments other than low-income housing ventures.
Learning Objectives:
- Analyze the current legislative environment and its potential impact on the financial services industry
- Compare tax considerations resulting from the expansion of non-traditional financial service players and new market approaches being applied by traditional banking organizations
- Determine the impact of FASB’s proposed expansion of the proportional amortization accounting method to tax credit partnership investments other than low-income housing tax credit partnerships
4:45 PM – 6:00 PM EDT
BAN2217. The ESG Business Case: Perspectives from Bankers
Grant Haines
- Partner | Ernst & Young LLPAndrew Nix
- EVP, Chief Governance Officer, Deputy General Counsel, Assistant Corporate Secretary | Regions Financial Corporation/Regions BankMichael Tovey
- Corporate Controller | Bank of AmericaEnvironmental, Social and Governance (ESG) reporting continues to unfold during 2022 as investors, regulators, employees, customers and other stakeholders have increasing interest. During this moderator-led session, we will hear from bankers about their journey on the ever-evolving ESG reporting landscape. Of particular interest is the growing role of the financial reporting areas to enhance the governance on ESG reporting.
Learning Objectives:
- Recognize the environment on ESG reporting standard setters and market participants
- Identify some of the current regulatory activity in the Americas and abroad which will impact organizations
- Assess the evolving role of the finance function as it relates to ESG reporting
6:10 PM – 7:25 PM EDT
BAN2209-REPLAY. Keynote: The Future of Humalogy in Banking (Replay)
Scott Klososky
- Tech Entrepreneur, Author, & Founder, Future Point of View | Future Point of View LLCTechnology has had a growing impact on the process of banking for the past 30 years and the digital transformation of banking is not slowing down at all. New tools such as digital intelligence, cognitive automation, and fintech of every sort are coming together to speed up who wins and loses going forward. We now must understand the impacts of integrating of humans and technology (Humalogy) to get banking done. Our team members and customers are feeling the impacts of Humalogy, some of which are exciting while others are exhausting.
Learning Objectives:
- Analyze the Humalogy Scale and how it can be used to score levels of automation
- Compare the impacts of technology on the banking process over the next three to five years
- Determine the importance of Digital Wellness for team members
- Identify leadership priorities in the next stage of the Digital Transformation
8:30 PM – 10:00 PM EDT
After Dinner Cocktails & Networking
Wednesday, September 14, 2022
7:00 AM – 5:00 PM EDT
Registration Open
7:30 AM – 9:00 AM EDT
Continental Breakfast and Vendor Display
8:00 AM – 8:50 AM EDT
BAN22SS04. The Future of Stablecoins, presented by KPMG LLP
Jacob Prudhomme
- Director | KPMG LLPShantel Cannon
- Manager, Advisory - FS Regulatory & Compliance Risk | KPMG LLPJoin KPMG digital assets leaders for a discussion on stablecoins: the regulations currently in place and under consideration, their economic impact, and their place in a future of Central Bank Digital Currency (CBDC).
Learning Objectives:
- Recognize the taxonomy of stablecoins
- Identify regulations that are in place, or in consideration, around stablecoins
8:00 AM – 8:50 AM EDT
BAN22SS05. The Need for Speed: Make Decisions Faster for Profitability and Growth, presented by Fiserv
Janice Kocheran
- Product Manager | FiservMike Sumner
- Product Management Director | FiservDoes your team have the automation tools to provide executives and the board with financial clarity and visibility into financial results — why they occurred and what can be done to improve financial performance? In this session Fiserv will discuss how to use automation tools to meet today’s financial challenges head on, including meeting NIM targets and getting timely data to the frontline to deepen the customer experience.
Learning Objectives:
- Identify how to leverage modern technology to convert a business plan into a budget and financial model to manage to plan and profitability
- Determine how to manage increasing transactions, ensure internal control structure, faster month-end closing process and a financial management reporting process that gives meaning to all the financial information
9:00 AM – 10:15 AM EDT
BAN2218. Keynote: Perspectives on the Regulatory Landscape
Rodgin Cohen
- Senior Chairman | Sullivan & Cromwell LLPThis session will provide a legislative/regulatory update. Participants will leave the session with a greater familiarity with the new landscape and an awareness of potential future changes.
Learning Objectives:
- Identify and discuss actual changes
- Analyze propsective changes
- Determine implications for the regualtory landscape
10:15 AM – 10:45 AM EDT
Networking Break & Exhibits
10:45 AM – 12:00 PM EDT
BAN2219. U.S. Economic and Housing Market Update
Douglas Duncan
- Chief Economist - SVP | Fannie MaeSession focuses on the arguments and counterarguments regarding whether the US economy is headed for a recession or not. The performance of the housing and mortgage markets in the current macroeconomic environment, as well as how current macroeconomic trends may influence housing in the future, are topics to be incorporated.
Learning Objectives:
- Analyze the current macroeconomic dynamics and the effects on housing as well as alternative views.
- Identify current trends to monitor in order to track market changes.
12:10 PM – 1:00 PM EDT
BAN2220. PCAOB Update
Jason Bullington
- Regional Associate Director | PCAOBBarbara Vanich
- Acting Chief Auditor, Office of the Chief Auditor | PCAOBHear from the PCAOB staff on current standard-setting and inspection matters.
Learning Objectives:
- Analyze current PCAOB standard-setting
- Compare current PCAOB inspection matters, including inspection findings
12:10 PM – 1:00 PM EDT
BAN2221. Balance Sheet Strategy
Scott Hildenbrand
- Head of Piper Sandler Financial Strategies and Head of Piper Sandler Hedging Services, LLC | Piper SandlerJoin Scott Hildenbrand from Piper Sandler for a discussion of balance sheet strategies and tactics in the current environment. He will review common mistakes in volatile environments and explain how your institution can plan long-term vs. simply reacting. He will discuss examples for companies with different risk profiles and examine which strategic options are available on the asset and liability sides of the balance sheet. This will include market updates to contextualize the ideas and help management teams prioritize the right things for the rest of 2022 and beyond.
Learning Objectives:
- Identify ways to turn these meetings from mundane approvals to proactive strategy sessions
- Differentiate which part of the yield curve is relevant for your institution to better plan for strengths and weaknesses
- Determine how to prepare for – and avoid predicting – moves in interest rates
1:00 PM – 2:00 PM EDT
Networking Lunch (onsite)
2:00 PM – 3:15 PM EDT
BAN2222. Community Bankers Panel: Keeping Ahead of the Curve
Michael Carotenuto
- EVP and CFO | Cambridge BancorpTodd Capitani
- Executive VP, CFO | Community Bank of the ChesapeakeChristopher Seidlich
- Senior Vice President & CFO | Rollstone Bank & TrustThomas Adams
- EVP / CFO | American Bank, N.A.Martin Caine
- Principal | Wolf & Company, P.C.Community Banks continue to face traditional and evolving challenges. During this panel discussion, Community Bankers will share their insights on the operational and strategic issues facing the industry today.
Learning Objectives:
- Identify the operational and financial issues that are most important to community banks
- Evaluate potential approaches to the accounting issues that are top of mind for community banks
2:00 PM – 3:15 PM EDT
BAN2223. M&A Valuation Considerations
John Bridgewater
- Controller | Webster BankDavid Konop
- Principal - Economic/Valuation Services | KPMG LLPJennifer Van Dalen
- Principal, Economic and Valuation Services | KPMG LLPOver the last two years the North American banking market has continued to see rapid industry consolidation. Banks continue to expand the size of their consumer deposit and loan portfolios, while facing significant head-winds including, changing interest rates, increasing technology costs, CECL, the pre & post covid economy, and additional regulatory oversight. This course will examine the current market trends for bank M&A, while focusing on specific insight into the valuation practicalities that many Banks should consider as they prepare for an M&A event at their own organizations.
Learning Objectives:
- Interpret the current and future M&A landscape for bank acquisition
- Recognize the financial reporting and tax requirements as part of M&A integration activity
- Identify market practice and hot topics for the valuation of loans, core deposit intangible assets, and other identified assets and liabilities
2:00 PM – 3:15 PM EDT
BAN2224. Digital Assets Considerations
Joe Dillon
- Director of Customer and Partner Success | BitwaveAaron Jacob
- Head of Accounting Solutions | TaxBitAnna Kajirian
- Partner | PwCKevin Jackson
- Partner | PwCA group of panelists will discuss transforming trends and the institutional interest and adoption of digital assets. The session will focus on emerging accounting topics associated with digital assets and digital asset transactions. The panel will also discuss practical considerations related to digital asset accounting and valuation requirements, as well as how companies implement processes and systems to capture the necessary information. We will wrap up the session with an open Q&A session.
Learning Objectives:
- Determine the different types of digital assets and emerging trends associated with the adoption of digital assets
- Identify current accounting models and emerging accounting issues for digital assets and digital asset transactions
- Analyze selected practical process and operational considerations, as well as lessons learned from companies involved in the digital assets industry
3:25 PM – 4:40 PM EDT
BAN2225. Community Bank Financial Reporting Hot Topics
Sydney Garmong
- Partner, National Office | Crowe LLPMike Lundberg
- Partner | RSM US LLPTodd Sprang
- Principal | CliftonLarsonAllen LLPJoin members of the AICPA's Depository Institutions Expert Panel (DIEP) for a discussion for key topics impacting community banks, including allowances, both ACL and ALLL, loan modifications and TDRS, refresher on Available for Sale securities, and standards effective for this year-end – just to name a few. We will also cover key developments from the SEC and PCAOB. Bring your questions – and we will answer as many as we can!
Learning Objectives:
- Apply the financial reporting developments for community banks
- Analyze forthcoming changes for community banks from SEC & PCAOB
- Assess issues being discussed by the AICPA's Depository Institutions Expert Panel (DIEP)
3:25 PM – 4:40 PM EDT
BAN2226. Ask the Experts - Large Banks
Linda Bergen
- Non-Financial/Non-Accounting - Director/Manager | CitigroupRebecca Carey
- Managing Director | JP Morgan Chase & Co.Chris Ackerlund
- Head of Accounting Policy | Bank of AmericaRichard Juntilla
- Accounting Policy Director | US BancorpLee Keel
- Accounting Policy and SEC Reporting Leader | Wells FargoWhat is top of mind on the accounting policy and reporting experts from the largest banks? Panelists will respond to questions on hot technical accounting topics in the industry affecting large banks.
Learning Objectives:
- Evaluate the current financial reporting developments at large banks
- Assess the current issues being discussed at industry groups
4:50 PM – 6:05 PM EDT
BAN2218-REPLAY. Keynote: Perspectives on the Regulatory Landscape (Replay)
Rodgin Cohen
- Senior Chairman | Sullivan & Cromwell LLPThis session will provide a legislative/regulatory update. Participants will leave the session with a greater familiarity with the new landscape and an awareness of potential future changes.
Learning Objectives:
- Identify and discuss actual changes
- Analyze propsective changes
- Determine implications for the regualtory landscape