Assessing the impact of IFRS 9 implementation on Banks’ business models and strategies

Assessing the impact of IFRS 9 implementation on Banks’ business models and strategies

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Since the implementation of the IFRS 9 accounting principles, financial institutions have been facing a number of strategic and business challenges in adapting to the new environment. IFRS 9 seems to have taken a more strategic or broader approach requiring companies to assess the nature of their business and how it allocates its financial assets and not just by simply establishing the nature and risk of the asset itself. IFRS 9 had and will continue to have a far-reaching impact on entity’s business models.

The repercussions of the new standard requires banks to rethink their risk appetite, portfolio strategy, and commercial policies amongst others.

Addressing these challenges will require fundamental changes to their business model and affect areas as diverse as treasury, IT, wholesale, retail, global markets, accounting and risk management.

OBJECTIVE

The course is designed to familiarize the participants with an overview of the fundamental issues identified within bank steering processes. It also provides insight on strategic decisions to be made in order to actively involve commercial business leaders in the IFRS 9 implementation program, in order to smooth the impact on the business strategy, consequently improving profitability.

AUDIENCE

This lecture is specially addressed to bank specialists involved in risk management, financial and reporting, commercial business leaders, management members, internal audit, etc.

CONTENTS

  • Impact of new loan loss provisioning on the loan approval process and credit portfolio management
  • Understanding the adequate balancing of pricing to sustain profitability and a competitive position
  • Developing an adequate capital plan
  • The use of stress tests to reveal portfolio weaknesses
  • Determining the appropriate risk strategy and portfolio steering by incorporating life time parameters and macroeconomic forecasts

LECTORI

Andrada Tănase, FRM, ACCA

Andrada Tanase is Manager within FSI Risk and Regulatory Advisory Department practice. She has 8 years of experience in risk advisory, financial reporting, IFRS and Basel III implementations and FSI audits in the banking and insurance sector.

Elena Grigore

Elena is Senior Manager in FSI Risk & Regulatory Advisory Department. With more than 10 years experience, Elena managed reporting and modelling Retail Risk in a systemic bank in Romania. Elena’s proficiency includes Credit Risk modelling, Basel II/III/IV requirements for standardized and IRB approach, Credit Risk Management models, IFRS 9 Impairment, Regulatory and Integrated Stress Testing as well as implementation of IT tools for Risk Management and Regulatory Reporting purposes.

DATE

November 21, 2019, from 9:00 to 17:00 

RBI will hold the course on its premises, providing specialised lecturers, course materials and catering services during the training day.

CERTIFICATION: certificate of attendance                                   

CONTACT

Emilia Frunză, Training manager

Mobile phone: 0748886834

e-mail: emilia.frunza@ibr-rbi.ro

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