SAS Executive Business Forum Series presents

A Race to Compliance: IFRS9 and Stress Testing

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With the 2018 deadline looming, across the globe, large financial institutions are working to understand the implications of the latest impairment requirements introduced by IFRS9.  And if this was not enough, we add another global regulatory initiative requiring them to perform stress testing on these potential losses, related capital and income impact for the entire enterprise.  Not only do we expect IFRS9 and stress testing to have a significant financial impact for the majority of large banks, we also know that the journey to reach the end goal will not be an easy one.

For those banks who have begun this journey, the bigger challenge includes data availability, coordination between units and having an acceptable understanding of the IFRS9 requirements and level of comprehensiveness of stress tests.  A well thought of assessment plan is crucial to ensure that all necessary considerations are made and proper gap analysis is done.  It is important that given the limited time, banks can achieve an acceptable financial impact that minimizes implementation effort but is still sufficiently prudent to ensure compliance.

In addressing IFRS9 requirements:

  • Do we build new IFRS9 models, or do we leverage on our Basel models?
  • How do we know when an asset will have to move from 12 month Expected loss to a Lifetime expected loss?
  • Do we compute both 12 month expected loss and lifetime expected loss for each of my exposure?
  • How do we forecast future economic conditions?

With so little time, and so many things to do, how are banks moving along in their quest to comply with the IFRS9 deadline?            

Banks planning for IFRS 9 and Stress tests compliance are likely going to need to invest in new and complementary information technology to meet performance, data management, analytics, integration and other requirements. So choosing the right partner – one with the right banking industry experience, IFRS 9 and Stress test exper¬tise and broad solution capabilities – will bevital to success.

Key Take-Aways:

  • Learn how to prepare and address IFRS9 challenges
  • Introduction to SAS’ offering for IFRS9 compliance
  • SAS IFRS9 product demonstration

WHO should attend?

  • Chief Risk Officers / Risk Managers/Officers
  • Chief Finance Officers
  • Chief Compliance Officer
  • Head of IFRS9/ECL

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Steven Claxton

Steven Claxton
Director, Financial Risk Management, Management Consulting, KPMG ASEAN




Tariq Beg
Regional Sales Specialist, Risk, SAS EMEA and APAC



Date: April 21, 2016 (Thursday)

Time: 8:00AM to 11:30AM

Venue: Manila B Ballroom, Makati Shangri-la Hotel
Ayala Avenue corner Makati Avenue, Makati City

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