What are the IFRS9 rules and where did they come from, why are they important, what do they address?, Important features of credit impairment requirement, Background – how do the Basel regulatory capital rules fit in?, Interpretation of the accounting requirements of IFRS 9 in a model context, Components of expected credit losses, Probabilities of default12 month and lifetime, Point in time and through the cycle models, including Vasicek single and multifactor models, mode, Curing, Restructuring, Liquidation, Loss given default, Downturn,  LGD, Through the cycle LGD, Point in time LGD, Exposure at default, Effective interest rates, Staging, The three stages, How accounts are assigned to stages, Significant increase in credit risk – how this may be calculated and assessed, Forward looking information, macroeconomic data, scenario assignment, weighting scenarios, stress testing IFRS 9 data and much more.

Presented by an experienced and highly-qualified credit risk expert, quantitative specialist, banker and implementation guru, yes the rules are important but more so is discovering the impact and the practical, real-life challenges of implementing the standard.

At the at the end of the course, delegates will gain knowledge, practical skills, techniques and approaches to enable workplace applications as to

• The background of the IFRS 9 accounting standards – where they arose from and the major changes that have occurred since IAS 39
• What are the components of the IFRS 9 rules (PD, LGD, EAD, discounting factors)
• What are the underlying concepts such as staging and significant increases in credit risk (SICR)
• Worked examples of how to calculate expected credit losses – how the equations and calculations arise, how are PDs and LGDs estimated, what are the rules governing discounting, how is SICR calculated, how should institutions deal with curing and restructuring and payment holidays in the wake of COVID19.

Delegates who complete the course will receive a Certificate with equivalent CPD/CPE credits via email; and for those who require an assessment as a demonstration of competency via training a 20 multiple-choice questions and answers quiz, remotely invigilated with results report and 1 resit, is available at no additional charge when requested at time of reservation.

Highly interactive expert-led intensive presentation, Q&A, using real-time Excel-based spreadsheet examples and case studies (available via email after the course is completed), reference to regulation and discussion supported by key principles and theory. The virtual learning platform uses safe, industry preferred encrypted Cisco WebEx to optimize live face-to-face visual interaction, discrete chat, for polling and quizzes. (An invitation via email with access link is included for all participants.)