Despite the many factors to consider when implementing the new IFRS 9 requirements, the process can be broken down into manageable steps, which our Risk Practice Director Ben O’Brien discussed recently with Global Banking and Finance review.
Evolution not Revolution
Even though the measurement of lifetime expected loss represents a new challenge for organisations, we believe that the tools for forecasting losses over extended periods under different economic conditions are likely to exist already within risk and finance teams through their work on business planning and stress testing. It’s a matter of knowing how to apply this knowledge to IFRS 9.
If it feels like the advice and industry guidance on IFRS 9 is directing you towards a development heavy project, Jaywing’s loss forecasting experts can support your organisation to build upon existing credit risk infrastructures to achieve IFRS 9 compliance without unnecessary development.
Request our free whitepaper
Using our experience, gained over several years of forecasting expected credit losses and guiding clients through regulatory change, we’ve written a new whitepaper ‘Evolution not revolution - solving IFRS 9 Impairment’. This whitepaper provides a broad outline of the regulations and details how financial institutions can comply with the requirements on impairment.
To request a copy of the whitepaper, call Nic Orton, our lead client relationship consultant, on 0333 370 6600 or email [email protected]
Or, why not invite us in for a chat and we can give you the inside story on what IFRS 9 will mean for your business. We can help you learn about the changes in bad debt provisioning, the demands it will place on your organisation and what you can do now to make sure that you’ll be able to comply.