Based on the Deal Type Overview and an analysis of real data instance samples, our experts will assist your team in identifying data gaps:
Our experts can propose and help design measures to overcome these gaps and might include:
Process & Systems Gaps
Our experts can analyse your entire accounting process and assess its readiness for IFRS 9:
The existing IT systems will be reviewed in terms of source data production, including your core banking system(s), trading system(s), front-end systems, GL and any data available only in e.g. Excel files or other non-structured formats. We can provide guidance on how these systems may have to be altered to ensure IFRS 9 compliance.
Moreover, we can assist you with a review of your workflow organisation:
Basel II/III Bridge
If you already have systems and processes in place to ensure compliance with Basel II or Basel III, you will obviously want to know, to which extent you can leverage that investment for your IFRS 9 accounting system.
E.g. can you reuse a 12 month forward-looking PD in IFRS 9? If yes, which transformations need to take place?
Same question for the LGD.
In which cases do you base your IFRS 9 risk provisions on the EAD and in which cases on the portfolio’s carrying amount?