Advising Your Clients on a Major Accounting Change

Originally held on Tuesday, May 22, 2018 | 9:00 a.m. – 12:30 p.m.

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Program Co-Chairs:

Adele Hogan

Adele Hogan
Director – Consulting FLVS
Baker Tilly Virchow Krause, LLP
 

Ned Myers

Ned Myers
SVP & Market Leader for Capital
Markets and Government
Black Knight, Inc.

Benjamin H. Weiner

Benjamin H. Weiner
Sullivan & Cromwell LLP
 
 

 

  • This course will enable both in-house and outside counsel to expand their skills and be more valuable to their clients by covering the why, what, when, where and how of the brand new accounting change – CECL – that will impact the financial reporting and disclosure for all companies.

    Financial institutions and finance companies will be particularly impacted. You will learn about these changes from experts in the field and also about change management and legal work around corporate governance. This basic course will cover the three lines of defense for regulatory matters – business units, compliance/legal and audit. It will cover how CECL relates to stress testing at banks (CCAR, DFAST, Basel II and III)) and data governance and data privacy matters. It will cover disclosure obligations related to these new regulations.

    Who Should Attend: Lawyers who practice in finance, securities, lending, M&A, litigation, anti-financial crimes and regulatory areas.

    OnDemand: $149 for Members | $249 for Nonmembers

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  • Charlie Campbell, CPA
    Director – Consulting FLVS
    Baker Tilly Virchow Krause, LLP    		 Edward Chambliss
    Managing Director
    Financial Institutions
    Rapid Ratings    		 Jeremy Condie
    Vice President Americas
    Cluster Seven, Inc.    		 David X. Martin
    Managing Director
    cybXsecure
    Jennifer S. Myers
    Director – Consulting FLVS
    Baker Tilly Virchow Krause, LLP    		 Reza van Roosmalen
    Principal, Deal Advisory
    KPMG    		 Ken Walker
    Managing Partner
    Exeter Consulting & Capital Management    		 Mark Zingale
    Head of Regulatory Resolution
    Wells Fargo

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  • 9:00 a.m. – 10:00 a.m. CECL Regulations

    • What the rules require and how companies are tackling CECL implementation projects
    • Triple lines of defenses and functions in a CECL implementation: roles of business units, risk, compliance, legal, regulatory reporting, project management and internal audit professionals
    • Regulators and their roles

    Adele Hogan, Reza Van Roosmalen, Benjamin H. Weiner
    10:00 a.m. – 10:50 a.m. Data and Models

    • Build models or buy them – maybe repurpose them
    • What data and models are needed and why
    • How CECL relates to existing stress testing and planning projects
    • Financial requirements and how they impact financings and deals
        • Capital and Basel requirements and risk evaluation measures
        • DFAST
        • CCAR
        • Capital requirements and risk evaluation measures
    • Model validation

    Charlie Campbell, Adele Hogan, Ned Myers, Ken Walker
    10:50 a.m. – 11:00 a.m. Break
    11:00 a.m. – 12:00 p.m. Legal Implications and Roles of Business Units, Legal, Compliance, Internal Audit and Others

    • Financial requirements and how they impact financings and deals
      • Capital and Basel requirements and risk evaluation measures
      • Stress testing, liquidity and capital planning (including DFAST and CCAR)
      • Risk assessments
    • Model validation
    • Legal Entities

    Edward Chambliss, Jeremy Condie, Adele Hogan, Mark Zingale
    12:00 p.m. – 12:30 p.m. Governance and Risk – Policies, Procedures and Controls – Ethics

    • New accounting rules – ethics regarding organization as the client, confidentiality and competency
    • Data models – ethics regarding confidentiality and officer of the court
    • Privacy laws – GDPR use in models and validations
    • Cybersecurity and data privacy issues with vendors used on CECL projects
    • Risk management

    Adele Hogan, David X. Martin, Jennifer S. Myers

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  • CLE Credit
    NY: 4.0 total: 3.5 professional practice & 0.5 ethics
    NJ: 4.0 general MCLE
    CA: 3.0 total: 2.5 general MCLE & 0.5 professional responsibility
    PA: 3.0 total: 2.5 general MCLE & 0.5 professional responsibility

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  • Sponsoring Association Committees:
    Banking Law Committee | Mark Zingale, Chair
    Financial Reporting Committee | David S. Huntington, Chair
    Futures & Derivatives Regulation Committee | Robert M. McLaughlin, Chair
    Mergers, Acquisitions & Corporate Control Committee | Trevor Saul Norwitz, Chair
    Securities Regulation Committee | Mark Rossell, Chair

    Sponsorship Opportunities are Available! Please Contact:
    Maricela Alfonso | Membership and CLE Relations Associate | (212) 382-6608 | MAlfonso@nycbar.org

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