IFRS9 Expected Credit Losses (ECL) are commonly calculated as the sum of the marginal future expected losses in each period following the reporting date, using PD, LGD and EAD components. ECL can also be calculated directly from expected future cash flows. This could be an attractive option for many short-term lenders, especially for those that cannot leverage existing PD, LGD and EAD models, as it requires developing a single cash flow model.
The Bank of England has today published the latest outlook from the Financial Policy Committee and outlined the scenario for 2018’s bank stress tests, providing us with an indication of its likely areas of focus in assessing UK financial stability.
Open Banking will transform UK banking. For consumers, the whole experience will be more convenient, with better digital banking capability, more targeted and appropriate products and potentially better deals.
4th December 2017, London: 4most, a leading risk management consultancy, has been ranked 22nd in the 21st annual Sunday Times Virgin Fast Track 100. This represents an eleven place rise from 2016, where 4most were ranked 33rd and prior to that placed 63rd in 2015.
As widely anticipated, the Bank of England’s Monetary Policy Committee (MPC) has today decided to raise interest rates by 0.25 percentage points, to 0.5% -- the first interest rate rise in 10 years.