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.
07 March 2017, London: 4most, the global credit risk consultancy, has announced the appointment of Keith Church as Head of Economic Modelling. Keith joins 4most from Oxford Economics, where he was Director of Macro Modelling, holding responsibility for the development and coherence of Oxford Economics Global Economic Model.