The impairment methodology is forward-looking, requiring the reporting entity to report the changes in credit risk of financial institutions in a consistent way with the credit risk measurement methods. Particularly, banks will move from 1 year EL to Lifetime EL.
Finalyse can assist you by bringing our expertise in Risk Management and the fields of Credit Risk Modelling, Accounting and Performance Measurement by implementing the 3-stage model in your computational and reporting streams, to fulfil IFRS 9 requirements in a timely manner.
Guidance in the implementation of the 3-stage model for impairments
Proven know-how in credit risk measurement and advanced modelling techniques delivered by seasoned experts
Common interpretation of methodology and guaranteed compliance
Assistance in building a robust reporting stream for the disclosures of your loan loss allowances
Assistance in choosing one of the three approaches that will differ in assessing impairment requirements
A full monitoring of IFRS 9 impacts for P&L and capital planning purpose
Jaydeep is an experienced consultant having almost 8 years of experience in Risk Analytics involving primarily Credit Risk model development, validation, monitoring, and implementation. He has worked in the areas of Expected Loss forecasting & Provisioning, Obligor risk rating/Scorecard, FVO forecasting and PD/LGD/EAD modelling across various portfolios in the context of CCAR/DFAST, Stress Testing, IFRS 9, Basel III/IV, ICAAP & CECL regulations. He has developed and validated models well compliant with internal policies as well as external regulations (ECB, EBA, SR 11-7). Jaydeep has acted as a model risk consultant for several systematically important banks in North America, Europe, and Asia.