Recorded: May 8, 2014
Length: 60 Minutes
A burdensome regulatory environment, highly competitive loan markets and the continued margin-squeezing low-interest-rate environment have led to an increase in M&A deals, 228 in 2013 in the banking industry. For purchased loans, the accounting and regulatory requirements for banks may prove to be quite complex. Join Sageworks' Ed Bayer, managing director, and Regan Camp, senior risk management consultant, to understand some of the key challenges banks face in managing acquired loans under ASC 310-20 (FAS 91) and ASC 310-30 (SOP 03-3).
- What are ASC 310-20 (FAS 91) and ASC 310-30 (SOP 03-3)
- How to account for loans or debt securities acquired in a transfer
- Challenges in managing acquired loans
- Complying with complex GAAP requirements
Ed Bayer is the managing director of business development and market analysis at Sageworks, where he is responsible for revenue generated in our financial institution market. He previously served as a senior risk management consultant, with a primary focus on allowance for loan and lease loss provisions (ALLL) and stress testing loan portfolios.
Regan Camp is a senior risk management consultant at Sageworks, where he serves as a specialist in assisting financial institutions with accurately interpreting and applying federal accounting guidance. Regan's primary focus is allowance for loan and lease loss provisions (ALLL) and portfolio stress testing.
1 CPE Credit
Program Level: Basic-Intermediate