What You Will Learn :
- Overview of the IFRS 9 modelling challenges
- The issues relating to data quality and availability
- The key validation approaches
- The lifetime assessment
Covid-19 has impacted the IFRS 9 expected credit loss (ECL) model and reporting, leading to challenges including model validation and economic scenarios modelling. Financial institutions are required to manage the IFRS 9 model and examine the credit risk under varying circumstances and assumptions.
Model validation consequently becomes of even greater importance, as banks are now required to assess the lifetime loss expectation rather than just the previous one-year view, resulting in incorporation of forward-looking guidance and the development of appropriate models.
The virtual course will consider the options and challenges in conducting IFRS9 model validation, key issues regarding IFRS 9 and the management approach to be taken.
Who is this course for?
Relevant departments may include but are not limited to:
IFRS 9 Accounting Policy
IFRS 9 Reporting and control
Treasury and asset-liability management
Internal / external auditors