Issues & Trends | October 2021

 

Insight

2021 AICPA Conference on Banks & Savings Institutions

Highlights from the SEC, FASB, banking regulators and others on topics for banks and savings institutions.

Michael Hall

Michael Hall

Partner, Dept. of Professional Practice, KPMG US

+1 212-872-5665

KPMG reports on the key messages coming from this year’s conference – including ESG, digital assets and financial innovation, LIBOR transition, and lessons learned from the economy and credit losses.

Applicability

  • All financial institutions

Relevant dates

  • Effective immediately

Meeting highlights

Social initiatives, the necessary responsiveness to rapidly advancing technologies, hybrid workforce operations and economic uncertainty in modeling are at the forefront of the banking and savings institutions industry.

Speakers at the AICPA National Conference on Banks and Savings Institutions, which took place September 20-22 in Greater Washington D.C. – with speakers and panelists joining both in person and virtually – covered current topics affecting financial institutions and the accounting and auditing profession.

Unlike the 2020 conference, financial innovation, digital assets, operational focus, and economic, social & governance (ESG) topics commanded attention, compared to the economic and operational impacts of COVID-19.

Report contents

  • Meeting highlights
  • Environmental, social & governance
  • Digital assets & financial innovation
  • LIBOR transition
  • Economy & credit losses
  • FASB project update

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