The Nevada economy is extending its unprecedented streak of strong performance, growth and resilience. Yet we know it is not a question of if, but when the next economic downturn will occur. Uncertainty is increasing but that doesn’t mean you can afford to wait and see. Jeff Sellers will provide his dual perspectives as both a former commercial banking executive and former regulator. He will review practical ways bank management can prepare for down part of the credit cycle including: adequacy and directional consistency of Allowance for Credit Losses (ACL) and use of qualitative factors; effective problem loan management; enhancements of loan policy/underwriting guidelines; proactive concentration risk management practices, and appropriate staffing, learning and development among other topics.