IFRS 9: Repeated Seminar in Banking Institute of Association of Russian Banks

Moscow, September 10, 2017 — Business Systems Consult. Due to demand of market participants, BSC consultants successfully repeated a seminar (site in Russian) on IFRS 9 organised by Banking Institute of Association of Russian Banks. Analytical materials distributed among participants allow them to feel free in the waters of regulatory documents (Basel, IFRSs) dealing with financial instruments, their valuation and credit risk estimation. Check-lists prepared by our consultants help to our clients to assess the quality of IFRS 9 methodologies and preparedness of their banks for IFRS 9 implementation.

We provided seminar participants with methodology check-list meant to compare methodological realisation in a bank to the IFRS 9 requirements. We also discussed the elements of IFRS 9 implementation (methodologies, internal regulations, a list of models and validation techniques, operational requirements, business processes). In addition, we stressed participants’ attention on the differences between Basel and IFRS 9 and trade-offs between these two approaches to risk estimation.

Efficient IFRS 9 implementation includes a set of internal banking documentations regulating credit allowance calculation and model lifecycle. Credit risk models should cover a number of effects of macroeconomic nature, prepayment behaviour, initial credit quality of loans. Our consultants presented corresponding methodological solutions to seminar participants.

Our project approach to IFRS 9 implementation covers:

+ not only internal documentation development but also providing our clients with analytical notes meant to diminish the level of regulatory risk and to confirm correctness and quality of our methodological solutions;

+ not only project work but also support including support during audit;

+ not only IFRS 9 allowances calculation on the Reporting date but also procedures for budgeting for allowances; this helps to improve asset-liability management in the bank taking into account all the restrictions imposed by IFRS 9 and all the opportunities it carries;

+ not only allowance calculation but also analysis for risk-adjusted profitability and other key performance and key risk indicators;

+ not only methodology development but also turnkey automation.

Retail Lending and Risk Appetite Statement: How to manage risks but not measure them, How to add value but not impose additional costs

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Опубликовано 16 Sep 2017 Author Magister ludi

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