Location: UK, Europe, MENA, West/East Africa Time Zones
First Date: Oct 24 - 25 2022
Duration: 2 days
Programme Director: Gary Van Vuuren Phd
Experience the highly-interactive expert-led social learning through Virtual Classroom via Cisco WebEx from Risk Reward.
All our 2022 Virtual Classroom events feature shared (or discrete) live chat between delegates and the expert, participate in topical surveys, polling questions, group exercises and case studies for a tried -and- true engaging and gratifying learning experience.
Need to bring this course in house or face to face? Simply contact us for significant cost savings and dates to best suit your needs.
"It was a well-organized seminar bringing up current issues and how the crisis has affected modelling of credit risk. It was useful in raising more awareness in the changing approach we all have to follow in looking at and interpreting figures and building up expected figures and building up expected figures both short-term and long-term."Credit Risk Manager, European Commercial Bank, UK
Sessions 1 and 2: The background to IAS 39 (which preceded IFRS 9) and why it was considered relevant, why was IFRS 9 implemented, what are the requirements?
Sessions 3 and 4: Important features of credit impairment requirement, how do the Basel regulatory capital rules fit in? and interpretation of the accounting requirements of IFRS 9 in a model context
Sessions 5 and 6: The estimation (and vagaries) of probability of default, loss given default, exposure at default, how are discount rates estimated – what is appropriate and acceptable? SICR – how is it estimated and what are the rules governing curing and restructuring
Session 7 and 8: Worked examples of how to implement these rules: sourcing of PDs, scaling of PDs in time, how to deal with PDs with curing built in, payment holidays, LGD estimation in the absence of LGD data, SICR calculations, simple calculations underlying the overall ECL estimate.
"Thank you for an excellent presentation Dr Gary. Our risk specialists are most grateful for your clear explanations, humour and insights."Head of IFRS 9 Specialist Financial Regulator, GCC
IFRS 9 is an International Financial Reporting Standard (IFRS) published by the International Accounting Standards Board (IASB) which addresses accounting for financial instruments.
While the standard addresses the classification and measurement of financial instruments, hedge accounting and impairments this course focuses on the last of these – credit impairments – and how they are measured, evaluated and assessed.
Delegates involved in IFRS9 models, validation, regulatory compliance and reporting roles will gain practical essential knowledge about, credit risk and credit impairments, and its application to real-world project phases and tasks.
"It provided a different angle in the way we should assess the business post COVID."Credit Risk Manager, Corporate Bank, Kuwait
Designed primarily for credit risk managers, quantitative credit analysts and auditors previous delegates include those from national financial regulators of IFRS9 model validation projects, operations, IT, HR, consulting firms and credit risk software vendors.
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
All delegates who complete the course will receive a Certificate in IFRS 9 and Credit Risk Impairment under Covid 19 and for those who require a demonstration of competency via an assessment a 20-question and multiple choice answer quiz, remotely invigilated, with 1 resit and results report is available at no additional charge when requested at time of booking.
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.)
Course Fee (per person):
GBP £2,495.00 (+ UK VAT when applicable)
Our London team is ready to listen carefully to your needs, take the brief, explore options, offer suggestions and help you in a professional and friendly manner.