MADISON, Wis.–The World Council of Credit Unions will host a webinar today titled, “Global Economic Impact of COVID-19 on Credit Unions and Related Accounting Issues.”
Dr. Sohini Chowdhury, director and senior economist at Moody's Analytics, will be the featured speaker during the webinar.
Chowdhury will join World Council President and CEO Brian Branch and World Council Senior Vice President of Advocacy Andrew Price to address the global economic impact of the COVID-19 pandemic on credit unions.
“Our experts will also discuss the accounting concerns arising from the pandemic, especially in light of the relief measures issued by international standard setting bodies such as the Basel Committee on Banking Supervision and the IASB,” WOCCU said. “This webinar will be valuable for credit union executives coping with the COVID-19 pandemic and planning for the impact on their balance sheets.”
The Agenda
Topics will include:
- An overview of the economic impacts of the pandemic for credit unions, both in the present and with the prospect of a global recession
- A discussion of the impact on various accounting standards, such as the Expected Credit Losses included in IFRS 9/CECL
- Guidance and regulatory relief adopted by the Basel Committee, the IASB and others as they relate to accounting principles and how this might relate to national-level requirements
WOCCU said the goal of the webinar is to help industry professionals stay informed about the impact COVID-19 might have on their credit unions, while assisting them in making strategic planning decisions for their member institutions in the future.
This free webinar will be held on May 19 at 10:00 a.m. E.T. You can register for the webinar here.