Banks are spending too much time worrying about how to model expected losses under International Financial Reporting Standard 9 (IFRS 9) and are neglecting critical issues of data and model governance, warn technology vendors.
In contrast with previous rules, IFRS 9 ushers in an ‘expected loss’ accounting regime for assets subject to impairment, such as loans. This means banks must take provisions for 12-month expected credit losses from the moment an asset is originated or purchased. If the ass
The week on Risk.net, December 2–8, 2017Receive this by email