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CECL: Are you ready for the new standard?  (hosted by Banking 5-50)

Current Expected Credit Loss (CECL) is an accounting standard that changes how financial institutions account for expected credit losses. The Banking 5-50 SAS® Users Group is excited to host Mike Riechers, Director of Advisory and Risk Analytics at financial planning firm KPMG.

Riechers will present KPMG’s perspective on CECL including:

  • Transition considerations.
  • Common practices.
  • Challenges among US banks.

In June 2017, the company surveyed banks, insurers and specialty finance companies to assess progress toward – and insights from – CECL. Join the Banking 5-50 SAS Users Group and KPMG for this complimentary webinar.

About Mike Riechers

Mike Riechers

Riechers specializes in credit risk management processes and risk analytics for both commercial and retail banking portfolios.

Riechers leads KPMG's Current Expected Credit Loss (CECL) accounting change team projects within the Risk Analytics practice. He also oversees transition teams for major US commercial banks and insurance organizations. He has assessed credit risk management frameworks and processes to help financial institutions better understand and measure their portfolio credit risk. Riechers has extensive experience in Allowance for Loan and Lease Losses (ALLL). Prior to joining KPMG, Riechers worked with Sageworks, a leading provider of software-as-a-service solutions to financial institutions.

About the Banking 5-50 SAS® Users Group
The Banking 5-50 SAS Users Group is designed for midmarket banks with $5 billion to $50 billion in consolidated assets. Its purpose is to provide a forum for the exchange of ideas, information and best practices with SAS solutions. To learn more or to join our group, visit the Banking 5-50 website.

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