CECL Deadline Looming - Changes and Challenges Ahead
PRMIA New York and MathWorks are pleased you to invite you explore the implications and challenges of the upcoming CECL deadline.
Event Information
Date: March 13th, 2018
Time: 5:30PM - 9:00PM
Venue: Harmonie Club
4 East 60th Street
New York, NY 10022
The new Current Expected Credit Loss (CECL) method of accounting for loans will be one of the biggest changes in the history of accounting for financial institutions. CECL is expected to materially impact capital requirements and nearly every facet of bank operations. Published in 2016 with a 2020 deadline for most public financial institutions, many are underestimating the impact and time required to achieve compliance. This event will dive into the key elements of CECL, especially modeling, data, and infrastructure challenges. A panel discussion, Q&A, and networking social will give attendees a unique opportunity to gain insights from experts and peers.
AGENDA
5:30PM - 6:00PM: Registration
6:00PM - 7:30PM: Presentations
PRMIA Welcome
Panelists:
Stuart Kozola, Head, Product Management for Computational Finance and FinTech, MathWorks
Soner Tunay, Head of Quantitative Analytics, Finance & Risk, Accenture
John Lyons, Director, Deal Advisory – Accounting Advisory Services, KPMG
James Gellert, Chairman and CEO - RapidRatings
7:35PM - 8:00PM - Audience Q&A
8:00PM – 9:00PM Networking
Speakers
Stuart Kozola, Head of FinTech product management at MathWorks
Stuart Kozola leads product management for Computational Finance and FinTech at MathWorks. He has over 15 years of experience in data analytics, quantitative finance/risk management, simulation, and designing and implementing large-scale computational system. Stu is a sustaining member of PRMIA and holds the FRM designation from GARP.
Soner Tunay, Principal Director, Quantitative Analytics Lead, Accenture Consulting | Finance & Risk
Soner is a Principal Director and head of Quantitative Analytics in the Finance & Risk practice at Accenture. He held executive level positions in leading model development and validation functions in various US banks, FBO and G-SIBs. Soner received his Ph.D in Economics from Boston College.
John Lyons, KPMG - Director Accounting Advisory Services
John is a director in KPMG’s New York Accounting Advisory Services practice with over 8 years of experience in the financial services sector providing both advisory and audit services. His areas of specialization include the banking, asset management, investment funds’ and financial services’ sectors. Prior to joining KPMG in the U.S., he worked as an audit manager in the Financial Services Audit practice of KPMG Ireland. As part of preparations by financial institutions for the adoption of IFRS 9 and the Current Expected Credit Loss model (CECL), John has provided accounting advisory support to the accounting policy and credit risk teams within multiple financial institutions during the assessment of the impact of the new standards on their portfolio of financial instruments. John has provided accounting advisory services to a broad range of clients based in the US including: preparing carved out opening balance sheets arising out of M&A activity; converting the basis of accounting from US GAAP to IFRS across a range of industries; creation of pro-forma primary statements for SEC filings; advising on debt vs equity accounting issues; and providing on-call accounting support to banks, financial institutions, and pharmaceutical entities relating to financial instruments.
James H. Gellert, Chairman and CEO, Rapid Ratings
James H. Gellert is Chairman and CEO of RapidRatings, the leader in financial health analytics of public and private companies globally. Former Chief Compliance Officer at Howland Securities, LLC, James is a career-long entrepreneur and financial markets professional, previously holidng roles at international investment banks and a variety of technology companies.
James is a recognized international authority on rating agency regulatory evolution, having testified before both the Senate and House of Representatives on multiple occasions. He is a recurrent speaker at the SEC and in global media. In 2017, James received the Supply & Demand Chain Executive Pros-to-Know Award.
Registration
This event is FREE for members and non-members, although registration is required. Click "Register Myself" below to reserve your spot. Make sure to click "Proceed to Checkout" to finalize your registration.
This event has been made possible by the generous support of our sponsor, MathWorks.
*by registering for this event you agree to receive follow-up emails from our sponsor.