IFRS 9

Five modelling challenges in modern forecasting and stress testing

Five modelling challenges in modern forecasting and stress testing

Since the implementation of International Financial Reporting Standard (IFRS) 9, capital & impairment forecasting and stress testing has seen a sharp rise in complexity across the banking industry. 4most consultants have been working on projects dealing with Internal Capital Adequacy Assessment Process (ICAAP)…

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Financial Regulation: 10 years from the crash, how are things different?

This March marks 10 years since the fire sale of Bear Stearns in 2008, a significant moment in the global financial crisis. This moment offers us an appropriate time to reflect and assess how the banking industry has changed in that time and learned from the mistakes of the past – and to consider what the future holds for the sector.

4most comments on Bank of England’s stress test results

On 28th November, the Bank of England published the results from its 2017 stress tests, which provided an assessment of the stability of UK’s banking system.

The headlines show that the major UK banks have all passed the stress tests and are deemed strong enough to keep lending in a scenario more severe than that of the 2008 global financial crisis, which is good news for the sector.

IFRS 9 stage 2: Dealing with lifetime expected losses and forward-looking adjustments

IFRS 9 (the new accounting standard) is fast approaching with many organisations already in full swing in terms of development and with their chasing pack firmly in the planning stages for design and build.  But just how ready are you for the impending changes?

IFRS 9 Benchmarking – more than a nice to have?

IFRS 9 is the new accounting standard from the International Accounting Standards Board for credit losses on portfolios of loans. It will come into effect in most jurisdictions for reporting periods starting January 2018. One of the key principles is that lenders should use relevant data that is reasonably available to assess the appropriateness of credit provisions.

Forecasting under IFRS9 – Technical Challenges ahead

IFRS9 is the new accounting standard from the IASB for credit losses on portfolios of loans that is expected to come into effect in January 2018 across at least 96 of 174 jurisdictions around the globe. Work in many banks and lenders is well progressed towards meeting the reporting deadline. I will not repeat the considerations required in the building of a new provision process here as that has been well covered in many places previously.