Risk managers in power struggle over IFRS 9 model development

Putting accounting specialists in charge of IFRS 9 models is ‘not optimal’

Stag standoff

Banks that opted to have their finance and accounting departments build credit models to comply with new accounting standards are facing a backlash from risk managers.

Although most banks have tasked their risk departments to repurpose existing Basel III internal ratings-based (IRB) capital models to calculate expected credit losses for International Financial Reporting Standard 9 (IFRS 9), some have chosen to build these models from scratch within their finance departments.

That does not sit

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