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Risk model management in the age of Covid‑19

The panel

  • Frankie Phua, Head of Group Risk Management, United Overseas Bank
  • Davide Crippa, Chief Risk Officer , Maybank Singapore
  • Mahim Mehra, Senior Risk Advisor, AxiomSL
  • Moderator: Peter Deans, Former Chief Risk Officer; Director, The Regtech Association

As many financial institutions acknowledge that risk models designed prior to the Covid‑19 crisis cannot effectively assess the current climate, it is apparent that current methodology needs an upgrade to sufficiently distinguish the effects of the crisis on a range of industries and borrowers.

Key topics discussed:

  • How the principles of the risk-weighted assets, stress-testing and International Financial Reporting Standard 9 (IFRS 9) expected credit loss models can still be applied to the new models that will arise out of the black swan event of Covid‑19
  • How financial institutions will align their processes to address models driven by regulation and business-specific fundamental issues
  • Best practices for managing, validating and processing models through different scenarios
  • How financial institutions can derive competitive advantage through hosting new models.

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