Canadian Western Bank Group
Bogie Ozdemir is the CRO and EVP of Canadian Western Bank. He was the Vice President of Sun Life Financial Group, responsible for ORSA, Operational Risk, Model Vetting and Risk Analytics and where he led the development and implementation of ORSA. Prior to this he was the Vice President of BMO Financial Group where he was responsible for ICAAP, Economic Capital, Stress Testing, and Basel Analytics, where he developed and implemented ICAAP. Previously he was the Vice President of S&P’s Credit Risk Services group, designing and implementing risk management solutions globally. Bogie has co-authored and authored numerous papers and three books. Currently he focuses on Optimization of Capital and Business Mix Management, Interest Rate Management in the Banking Book and Strategic Risk Management.
Adapting the Basel II advanced internal-ratings-based models for International Financial Reporting Standard 9
This paper examines how we may use A-IRB models in the estimation of expected credit losses for IFRS 9 purposes.
The author of this paper proposes a prudent methodology to correct for potential biases in LGD estimations due to historical price appreciations, appraisal biases and wear-and-tear or potential damage to the house.