October 30, 2015 . . . Atlanta, Ga. . . . MST announced today it has opened registration for its 2016 National ALLL Conference, to be held May 24-26, 2016 at the Hilton Torrey Pines in La Jolla, California. The three-day educational event, now in its sixth consecutive year, is the nation’s only conference dedicated to issues related to the allowance.
The conference features leading industry experts from accounting, auditing and regulatory disciplines as well as interactive workshops. Attendees come from various departments within financial institutions, auditors, regulators and others in the financial services industry.
“The advent of the new CECL accounting standard for estimating the ALLL is the biggest change to the allowance in many years,” offered MST CEO Dalton T. Sirmans. “Professionals within banks and credit unions are looking for clarification of the new standard and its many new rules and requirements. We will be looking at the allowance today, explore the allowance of tomorrow under the CECL model, and look beyond to the future of the allowance and how it will be implemented by financial institutions, auditors and regulators. We are gathering a group of ALLL experts who have been intimately involved with CECL throughout its development and modifications who will help institutions understand, prepare and even benefit from the changes to how they calculate their loan loss reserves.”
“In the community and regional financial institution space, the MST conference provides more, deeper and better information on the allowance than any other I know of,” noted Graham Dyer, senior manager of the accounting for the national office of Grant Thornton, who will present at the MST 2016 National ALLL Conference. “Attendees get a breadth of perspectives from professionals at the leading edge of thinking about all things related to the allowance. But I also see the tremendous benefit they get from networking. They’re in the real world dealing with real problems and they can talk with other financial professionals dealing with the same problems.”
Conference registration is available through the National ALLL website at www.nationalALLLconference.com . Attendance is limited to the first 250 financial professionals to register.
MST (MainStreet Technologies of Atlanta, Ga.) provides financial institutions throughout the United States with software solutions for estimating the ALLL and analyzing and mitigating loan portfolio risk. MST solutions are configured for each institution, integrate with core systems, deliver greater adherence to policy, consider data security and exponentially improve efficiencies. Contact MST at 877-910-9789 or visit the MST website at www.mainstreet-tech.com/banking.