4most Creates Share Ownership Trust

4most, the leading risk analytics consultancy, today announces that it has sold majority ownership to an EOT (Employee Ownership Trust). Co-founders Sisson and Somers, together with early investors Beechbrook Capital have sold 55% of the issued share capital to the Trust which will ultimately own the company for the benefit of staff. Sisson and Somers will remain on the board and continue to manage and run 4most Group.

Calculation of IFRS9 Expected Credit Losses with Discounted Cash Flows

IFRS9 Expected Credit Losses (ECL) are commonly calculated as the sum of the marginal future expected losses in each period following the reporting dateusing 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.