IFRS 9: Impact on Credit Risk Modelling, 24th & 25th February 2016, London

IFRS 9 International Financial Reporting Standards' replaces IAS 39 as the recommended reporting standard for credit risk classification, measurement and reporting. Following the financial crisis, practitioners believed that the incorrect reporting of losses was partly to blame for the fall out. Under old rules losses were not recognised until they were realised - whereas under IFRS 9 any expected losses must be accounted for, and provisions made, as soon as the loss is expected.  

Course Highlights:

  • Overview of the impact of regulatory changes under IFRS 9 to the modelling of Credit Risk
  •  Insights from experienced industry practitioners
  • Examination of the business impacts of IFRS 9
  • What Credit Risk Modellers need to know about new classification rules
  • Discussion of the similarities and differences in the Basel and IFRS 9 approaches
  • Focus on the challenges relating to data requirements for IFRS 9

Who Should Attend:

  • Credit Risk Modelling
  • Credit Risk Management
  • Impairment modelling
  • Loss impairment
  • IFRS 9 Programme Manager
  • Model Validation
  • CRO
  • Compliance Analyst
  • Regulatory Analyst
  • Internal Audit
  • Finance Manager
  • Accounting Policy

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Learning outcomes

  • Understanding of IFRS 9 standards and the impacts they will have on credit risk modelling and the wider business
  • Information on classification and measurement - the essential knowledge for Credit Risk Modellers
  • Appreciation of the approach to credit risk modelling as set out by IFRS 9; Probability of Default, Loss Given Default
  • Knowledge of the importance of managing volatility under IFRS 9 an the impacts this may have on P&L
  • Awareness of the data challenges presented by IFRS 9 and how these can be overcome
  • Ability to back test credit risk models
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