Predictive Modelling

IFRS 9 Impairment Models - A regulatory cost or a business opportunity?

IFRS 9 Impairment Models - A regulatory cost or a business opportunity?

The financial services industry has recently undergone a major change due to the introduction of IFRS 9 impairment requirements. This has come generally at increased costs due to either the redirection of internal resource or engagement of third parties to develop compliant models.

IFRS 9 - how to make the changes needed

The changes needed to meet the new IFRS 9 requirements are substantial and will require significant thought and effort by individual organisations and their advisors to develop a compliant solution that is right for them. Some larger, more complex and systemically significant organisations have been working on this for a number of years and still don’t have all of the answers

The Impact of IFRS 9 on the Banking Sector

In response to the financial crisis of 2007-2008, the International Accounting Standards Board (IASB) is replacing the “incurred loss” model for loan provisioning (IAS39) with an “expected loss” model for loan provisioning (IFRS 9).