4th in Series IFRS 9: Impairment and Implementation

IFRS 9 17
4th in Series

IFRS 9: Impairment and Implementation

Examining system readiness and capabilities as the industry moves towards parallel runs and full IFRS 9 implementation..

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Key Highlights to be addressed:

Overview
Overview of IFRS 9 and the final push towards implementation

Model Validation
Shifting towards a focus on model validation ahead of implementation

BAU Readiness
Examining institutional readiness and the ability to implement changes across all teams

Interpretation
Reviewing the regulations and what they mean for practical implementation

Data Requirements
Accommodating for extra data requirements and building a sustainable data infrastructure

Reporting
Identifying changes in reporting requirements, what the regulators expect

Industry Readiness
Where the industry currently stands, preparation for full implementation

Impairment Models
Development, implementation and testing of models with macro-economic capabilities

Parallel Phase
Approaches to the parallel phase including system adjustments and results

Disclosure
Reviewing what level and detail of disclosure is required

Hear From 15+ Senior Risk & Accounting Experts Including:

Richard Bowles

Richard-Bowles-Headshot-IFRS-9-2017

Head of IFRS 9 Implementation


Lloyds Banking Group

Michael Tiplady

Michael-Tiplady-Headshot-IFRS-9-2017

Director – Head of Hedge Accounting


Royal Bank of Scotland

Samantha Cunningham

Samantha-Cunningham-Headshot-copy-1

Head of Impairment – IFRS 9 Project


AIB

Carol Lynch

Carol-Lynch-Headshot-1

Head of Impairment Analysis & Reporting


Bank of Ireland

Albert Winston

Albert-Winston

Head of Validation


Permanent TSB

Kathrina Murphy

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Head of IFRS 9 Programme


KBC Bank Ireland

Day One | 1 March 2017

Moderated by: Scott Coulter, Global Head of Enterprise Accounting Products, Bloomberg L.P and Murat Bozdemir, Regulatory & Accounting Products, Bloomberg L.P.

08:15 Registration and Morning Coffee

09:00 Chair’s opening remarks

IFRS 9 OVERVIEW – DOUBLE SESSION
09:10 An overview of IFRS 9 classification and measurement and the final push towards implementation

  • Overview of requirements
  • Key achievements to date
  • Current status
  • Key topics and challenges
    • Business model assessment
    • Solely payments of principal and interest test
  • Key topics looking forward

Katherine Farren, Director, Accounting Policy & Advisory Group, Deutsche Bank
Scott Coulter, Global Head of Enterprise Accounting Products, Bloomberg L.P.

10:20 Morning refreshment break and networking

CASE STUDY
10:50 Implementing IFRS 9 Impairment: A case study

  • Initial strategic vision for the project
  • Project set up, milestones and resources
  • Successes and key challenges encountered
  • Lessons learned

David Bisnath, UK, Head – Accounting Policy & Advisory Group, Deutsche Bank

MODIFICATION
11:25 Modifications in the context of classification and impairment

  • Modification test – approaches and requirements
  • Distinction of modifications and impairments
  • Presentations of modification results
  • POCI and classification after a modification with de-recognition

Andreas Huthmann, Head of Financial services & Member of the Board, FAS

FINAL STAGE
12:00 The final stage: Market perspectives as an external reality check

  • How will IFRS 9 lifetime expected loss provisions interact with regulatory capital?
  • How well does the market understand what IFRS 9 carrying values actually mean?
  • Can investors handle the complexity of IFRS 9 disclosures?
  • What is the quantum of one-off impact on banks’ book equity and regulatory capital?
  • What is the impact on products and customers?
  • Does IFRS 9 lead to more volatility and procyclicality? Will IFRS 9 feature in 2017 stress tests?

Adrian Docherty, Head of Bank Financial Institutions Advisory, BNP Paribas

12:35 Lunch break

DOUBLE SESSION – IMPAIRMENT MODELS
13:35 Practical challenges to develop, implement and test IFRS 9 models and reporting for parallel run and go-live

  • Developing robust IFRS 9 ECL models within the timescales
  • Balancing simplicity of models and compliance
  • Embedding new models; test and learn
  • Governance structure through parallel run

Richard Bowles, Head of IFRS 9 Implementation, Lloyds Banking Group

DOUBLE SESSION CONTINUED
14:10 IFRS 9: With less than one year to go, what should be your key areas of focus?

  • You have a model in place. Now what?
  • How to organise the disclosure and data requirements beyond FINREP
  • How can you fast track your implementation for 2018 compliance?

Jeroen Van Doorsselaere, VP Market Management Risk & Finance EMEA, Wolters Kluwer

PANEL DISCUSSION
14:45 Accounting for forward looking projection requirements for ECL calculations and overcoming ambiguous definition

  • Utilising stress test models
  • Interpretations: How many scenarios should be run on each portfolio
  • Acceptable scenarios: How far to look into the future
  • Aligning with reporting to regulators management and shareholders
  • Effect on economic forecast on provisions across banks
  • Accounting for revolving products

Carol Lynch, Head of Impairment Analysis & Reporting, Bank of Ireland
Richard Bowles, Head of IFRS 9 Implementation, Lloyds Banking Group

15:35 Afternoon refreshment break and networking

MODEL VALIDATION
16:05 Shifting the focus towards model validation and ensuring numbers produced can be used to drive business reporting of positions

  • Working out what is driving inconsistencies
  • Justifying the position to the regulators
  • Benchmarking against the industry
  • Impact of changing provisions on P&L, balance sheet and capital

Albert Winston, Head of Validation, Permanent TSB

IMPLEMENTATION
16:40 Ensuring implementation readiness and batch execution

  • Prerequisites: Building efficiently executable models
  • Balancing simplicity of models and compliance
  • Data aggregation and loading
  • Model execution with qualitative aspects
  • Governance: Appropriate forward looking indicators
  • Embedding governance in an automated process

John Fitzgerald, Head of Model Enablement, AIB

17:15 to Chair’s closing remarks

17:25 End of day one and drinks reception

Day Two | 2 March 2017

08:30 Registration & morning coffee

08:50 Chair’s opening remarks

PARALLEL RUNS
09:00 Moving towards the parallel phase of implementation: Reviewing approaches to parallel runs and making it work with key deliverables

  • Will it work for 2018?
  • Effect on ECL: Highlighting problems and approaches
  • Model adjustment requirements
  • Approaches: Front line integration, separate projects or phased approach
  • Ensuring credit risk, finance and the front line understand their piece

Simone La Fortezza, Group Risk Management IFRS 9 Program Leader, UniCredit
Samantha Cunningham, IFRS 9 Programme – Head of Policy, AIB

BAU READINESS
09:50 Preparing the institution and increasing internal communication to ensure BAU readiness across teams

  • Getting the business up to speed
  • Interpreting the models and feeding back through the bank
  • Ensuring readiness of all teams
  • Involving BAU teams in parallel runs
  • Understanding the roles of each department: Engaging all with front office
  • Bridging the gap between accounting and modelling departments
  • Internal communication to Board and Senior Mangers

Samantha Cunningham, Head of Impairment – IFRS 9 Project, AIB

10:30 Morning refreshment break & networking

11:00 IFRS 9 impairments: Things the IASB did not anticipate when releasing the standard

  • Actual results and how they can be interpreted
  • A comparison of implementations in larger and smaller banks
  • Unexpected modelling challenges
  • The need for a level playing field

David Vanden Abeele, Head of Risk Model Development, Credo Software

11:40 Almost there… 2017 Communications

  • What to publish in your 2016 annual report?
  • Investor Relations – overall and in respect of material portfolios
  • Communications with key external stakeholders – regulators, auditors and rating agencies
  • Group vs. local market perspective

Kathrina Murphy, Head of IFRS 9 Programme, KBC Bank

12:20 Lunch break

INTERPRETATIONS
13:20 Reviewing the modeling for IFRS 9 to add value for regulators, banks and their shareholders

  • What are the objectives of IFRS 9?
  • How are banks credit losses related to the macro economy?
  • Modelling the macro economy – the use of DSGE models.
  • Strengths & weaknesses of DGSE models.
  • How should small and large banks respond to IFRS 9 – Is there a valid difference?
  • Adding value through IFRS 9 models – Dynamic conditional correlation and projection of provisions.
  • Where do individual bank macro models add value for the bank, its regulators and shareholders?
  • Is there a viable solution to the cost issues for small banks?

Brandon Davies, Board Director, Obillex Limited, Former Head of Market Risk, Barclays

DISCLOSURES
DOUBLE SESSION
14:00 Understanding what should be included in disclosure and the level of detail required

  • The difference between what should be included and what is required to be disclosed
  • What results can be seen from larger banks disclosures: Utilising industry reports
  • Standards of what the industry thinks and what the markets want
  • Transferable knowledge from IAS 39 to IFRS 9
  • Reporting templates
  • Risk of disclosure before full impacts are known and understood

Chris Innes-Wilson, IFRS 9 Technical and Reporting Lead, Standard Chartered Bank
Brendan van der Hoek, Technical Accounting, Santander

15:00 Afternoon refreshment break and networking

HEDGE ACCOUNTING
15:30 The accounting policy choice: Differences between the general model under IFRS 9 or current IAS 39

  • What are the key changes for hedge accounting moving from IAS 39 to IFRS 9?
  • What are the accounting benefits of adopting IFRS 9 hedge accounting?
  • What are the possible accounting drawbacks of adopting IFRS 9 hedge accounting?
  • Should the accounting changes be the only consideration when making the accounting policy choice?

Michael Tiplady, Head of Hedge Accounting, Royal Bank of Scotland

CLOSING PANEL
PANEL DISCUSSION
16:10 Where the industry currently stands and what needs to be done to get to full implementation

  • Parallel phase: Flexibility to adapt to occurring challenges
  • Bringing it all together
  • Satisfying the regulators

Phillip Dransfield, Director Credit Risk & Portfolio Management, TSB
Brandon Davies, Board Director, Obillex Limited, Former Head of Market Risk, Barclays
Sufyan Khan, Product Manager, EMEA, AxiomSL

17:00 Chair’s closing remarks

17:10 End of summit

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David Bisnath, UK Head – Accounting Policy & Advisory Group, Deutsche Bank

David is a Director at Deutsche Bank in London. He is the Head of the UK – Accounting Policy and Advisory Group. He is one of the main accounting contacts for DB’s group wide implementation of the new IFRS 9 Financial Instruments standard, focusing on impairment related topics. David is heavily involved in the interpretation of the main concepts, ensuring they are correctly implemented by the various business areas and that the overall level of understanding of the new accounting framework in the bank is adequate for go live in January 2018. Prior to joining DB 10 years ago, David worked at PricewaterhouseCoopers, in the Banking & Capital Markets Assurance division, in London and New York. David is Chartered Accountant (ICAEW) and holds degrees from the Universities of Cambridge and London.

Richard Bowles - Headshot - IFRS 9 2017

Richard Bowles, Head of IFRS 9 Implementation, Lloyds Banking Group

Richard has been leading the implementation of IFRS 9 for Retail, Consumer Finance and Asset Finance at Lloyds Banking Group since January 2015. Prior to his current role, he was Head of Capital & Impairment for the UK and Ireland Mortgage portfolios at LBG – he was responsible for all the capital and impairment actuals and forecasting for £330bn of Mortgage assets. Richard has a background in Risk modelling, covering all asset classes, having worked as both a modeller and in the independent model review team at LBG. Richard has an MSc in Economics & Econometrics from Nottingham University.

Scott Coulter - Headshot - Bloomberg

Scott Coulter, Global Head of Enterprise Accounting Products, Bloomberg L.P

Scott Coulter is the Global Head of Enterprise Accounting Products for Bloomberg Enterprise Solutions, focused on accounting products. Scott leverages extensive experience in the financial services industry and expertise in technical accounting to develop products that enable clients to efficiently comply with accounting and regulatory standards. Prior to joining Bloomberg, Scott most recently worked as a technical accounting consultant in Ernst & Young LLP’s Financial Accounting Advisory practice, specializing in accounting for financial instruments under both IFRS and US GAAP.

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Murat Bozdemir, Regulatory & Accounting Products, Bloomberg LP.

Murat Bozdemir is a Senior Regulatory Specialist for Blomberg Enterprise Solutions responsible for product development in the EMEA region. Murat interacts with clients and regulators, identifying key regulatory challenges and supporting the development of data solutions that enable financial institutions to be compliant with new regulation.

Before joining Bloomberg, Murat worked as a Director at KPMG, advising clients in achieving compliance with new capital and liquidity requirements.

Samantha Cunningham Headshot copy

Samantha Cunningham, IFRS 9 Programme – Head of Policy, AIB

Samantha has 25 years’ experience in Banking at RBS and AIB, spread across a number of diverse disciplines. The span of roles undertaken during her career have provided her with a varied understanding of Branch Banking, Audit, Credit Risk, Corporate Finance, Portfolio Management, Loan Restructuring and Relationship Management. Her experience has been in many different sectors in both the UK and Ireland and she has experience in differing types of finance, including Acquisition & Mezzanine Finance, Structured & PFI Finance as well as Property Finance. After a period as a Senior Credit Underwriter, she commenced in her role the AIB IFRS Project in December 2015.

She is a qualified chartered accountant (CA), qualified banker in both Scotland and Ireland, yet started off with a BA Honors degree in English and Geography from Strathclyde University.

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Brandon Davies, Board Director, Obillex Limited, Former Head of Market Risk, Barclays

Brandon is a Trustee of the Responsible Finance Institute a Non-executive director of Lintel Limited a prospective new bank in the City of London and a board director of Obillex Limited. He is a board director of Shariah Supply Chain Finance Limited and the CEO and Chairman of dRisk.biz Limited a company which encompasses his publishing and training interests. He also now teaches on the masters course in finance at Buckingham University.

Brandon holds a degree in economics from University College London. He is a member of the Financial Markets Group at the London School of Economics (LSE), and is on advisory councils for several “think tanks” including the CSFI and Long Finance. He lectures extensively on subjects in banking and risk management and has written numerous papers and articles and six books on these subjects for organisations such as Buckingham University, GARP, ACCA, Cass Business School, Central Banking, the LSE, Lombard Street Research and the Financial Times.

Until September 2014 he was Non-executive Chairman of Premier European Capital Limited, a private equity company and prior to this he was senior independent non-executive director (SINED) of Gatehouse Bank plc (an Islamic Bank in London) and SINED of Oceanic Bank in London. Until December 2009 Brandon was Managing Director of the Global Association of Risk Professionals Risk Academy, which he joined after retiring from Barclays Bank where he was treasurer of retail banking and a member of the banks executive committee. Prior to this appointment he was Head of Structured Products at Barclays Capital and Managing Director of Financial Engineering at BZW. Brandon retired from Barclays in March 2004 after a career spanning 32 years.

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Adrian Docherty, Head of Bank Advisory, BNP Paribas

Adrian Docherty leads the Bank Advisory team, which provides key relationship bank clients with technical sector expertise and help on strategic financial issues relating to balance sheet management and efficiency.

In practice, this means advising on capital raising alternatives, risk management and transfer frameworks, regulatory developments (especially Basel III and IV), accounting changes (especially IFRS 9), funding/liquidity strategies, credit portfolio management, solvency creation/optimisation structures and innovative ways of financing growth. In recent years, the issue of “disruption and obsolescence” (ie. new banking business models) has increasingly featured.

Phillip Dransfield headshot

Phillip Dransfield, Director of Credit Risk & Portfolio Management, TSB Bank

Phil has recently taken on responsibility for managing TSB’s credit risk. His team cover portfolio management, capital and impairment and modelling. He has been with TSB since its separation and IPO as the Director of Decision Science, leading the attainment of IRB status and managing across capital and impairment, forecasting, systems and models. In 2014 Phil started the IFRS 9 programme within the bank and until the recent change of role, he championed that programme with the Executive and Board of the Bank. Prior to TSB, Phil was retail credit risk director for Lloyds Banking Group. Phil held a number of senior roles within LBG across all three lines of defence. He has been a consultant with PwC and started in banking in Australia with Westpac Banking Group building an economic capital solution and rating system models. TSB is a UK based challenger bank, predominately focused on retail assets.

Katherine Farren - Headshot - IFRS 9 2017

Katherine Farren, Director of Accounting Policy and Advisory Group, Deutsche Bank

Kate is a Director in the Accounting Policy and Advisory Group of Deutsche Bank and is currently one of the main accounting contacts for DB’s group wide implementation of the new IFRS 9 Financial Instruments standard. She is heavily involved in the interpretation of the main classification and measurement concepts, ensuring they are correctly implemented by the various business areas and that the overall level of understanding of the new accounting framework in the bank is adequate for go live in January 2018.

Some of her other areas of focus relate to the provision of accounting support for structured trades with a focus on financial instruments, fair value measurement and upfront profit recognition. Having been at DB for nearly 10 years, Kate previously worked in accounting policy at HSBC. She is a qualified Chartered Accountant and Certified Financial Analyst.

John

John Fitzgerald, Head of Model Enablement, AIB

John Fitzgerald is Head of Model Enablement in AIB. The function is part of Risk Analytics delivering risk assessment right up to the point of decision, guiding the deployment of all kinds of risk models to back end systems and front line customer contact points covering capital, provisioning and loan decisioning.

In all John has 16 years experience in the financial services industry, the last 11 of these in risk measurement and modelling.

John has degrees in mathematics from the National University of Ireland (Galway) and the University of Oxford.

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Andreas Huthmann, Chairman of the Board, FAS

Andreas Huthmann is Head of Financial Services and Member of the Board at FAS AG. FAS AG is an independent consulting firm specialized in accounting and finance topics and is known to combine a deep theoretical knowledge with a strong hands-on-approach.

Andreas joined FAS AG in 2004 after studying Business Administration at Phillips University in Marburg. Prior to his studies, he did an apprenticeship at a large German bank. He holds an MBA from WHU Otto Beisheim School of Management, Vallendar and Kellogg Business School, Chicago.

During his professional life Andreas Huthmann has participated in and managed several projects at banks and financial institutions within the field of IFRS conversions, implementation of hedge accounting and finance process optimization. One of his main focusses is the harmonization of balance sheet steering with economic and regulatory steering approaches.

Andreas is a regular lecturer for the Akademie für Internationale Rechnungslegung and the Academy of Finance (VöB) as well as a guest lecturer at various universities and conferences. He has published several articles about accounting and finance topics and is author of a book about accounting for financial instruments.

Chris Innes-Wilson - Headshot - IFRS 9 2017

Chris Innes-Wilson, IFRS 9 Technical & Reporting Lead, Standard Chartered

Chris is a Fellow of Institute of Chartered Accountants in England & Wales (FCA) and has over 19 years of experience in the banking sector across a number of large financial institutions. He is currently the Technical and Reporting Lead for IFRS 9 at Standard Chartered. He is also an active participant is a number of UK banking industry forums. Prior to his current role, Chris held a number of positions at Standard Chartered, including Group Chief Accountant and Head, Accounting Policy & Advisory.

Simone

Simone La Fortezza, First Vice President – Group Risk Management IFRS9 Program Leader, UniCredit

I gathered a diversified and global working experience in Financial Services and especially in the Banking Sector. I worked in about ten different countries, for several major Financial players in Italy and Europe and in different competence lines, such as Planning, Marketing, M&A, Risk Management, Organization.

After a first experience as Consultant in Accenture Strategy Financial Services, followed by one in Strategic Organization for Banca Lombarda Holding, in 2007 I joined UniCredit as a founding manager of the internal Management Consulting Department. Within UniCredit Group I also worked in Small Business and in Corporate Marketing as Head of Offer Innovation and of Business Development respectively, before joining Risk Management Competence line, first in Credit Monitoring Department Italy and finally in Group Credit Risk Governance, where I currently lead IFRS9 Program on LLP/Impairment workstream.

Carol Lynch Headshot

Carol Lynch, Head of Impairment Analysis & Reporting, Bank of Ireland

Carol is responsible for the Impairment Analysis & Reporting team within Bank of Ireland’s IFRS 9 & Impairment Unit. Carol’s primary focus is the continuance of impairment provisioning activity under IAS 39 across the Group’s portfolios (UK and Ireland) as well as delivering the Group’s new Impairment Operating Model as part of the wider Group IFRS 9 Programme. Carol’s extensive experience in banking and specifically in Credit Risk Management, combined with her fellowship of the Association of Chartered Certified Accountants provides her with a unique vantage point from which to consider IFRS 9 impacts and its implementation requirements.

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Sufyan Khan, Product Manager, EMEA, AxiomSL

Sufyan has a deep understanding of complex business/IT requirements from analysis to proof-of-concept & solution proposals. The past 7 years of his career involved helping firms make informed decisions in the area of trading & best practice in Enterprise Risk Management (ERM) & regulatory reporting.

Sufyan’s areas of expertise/involvement include: Basel III solutions in Market Risk, Credit Risk, IFRS 9, Operational Risk & Regulatory Reporting; Stress Testing; Data Aggregation, Management & Consolidation (BCBS 239); Front Office Trading Systems for pricing/portfolio risk; Business Intelligence; Data & Analytics; Business Analysis & Implementation.

Prior to joining AxiomSL in 2015, Sufyan served as Associate Director (Solutions Specialist) for Moody’s Ana-lytics. Sufyan also worked at SunGard Financial Systems within the Capital Markets space, articulating client trading and risk requirements from pricing to real time risk management.

Kathrina Murphy

Kathrina Murphy, Head of IFRS 9, KBC Bank Ireland

Kathrina is Head of the IFRS 9 Programme for KBC Ireland, leading a cross-bank, multi-disciplinary team through the local design and implementation of IFRS 9. She has extensive experience in strategic decision making, impairment modelling & reporting, programme management, as well as having a Big-4, international and plc background.

Kathrina is a fellow of the Institute of Chartered Accountants in Ireland, having attained a BA in Accounting & Finance and training with KPMG in Ireland and Australia on audit and advisory engagements. Kathrina continues to pursue her professional interests, with professional qualifications in Coaching and PRINCE2® project management (Practitioner level), as well as recently completing a post-graduate Diploma in Strategic Finance & Analytics.

Michael Tiplady - Headshot - IFRS 9 2017

Michael Tiplady, Head of Hedge Accounting, RBS

Michael Tiplady is the Head of Head Accounting for RBS. He joined RBS in 2014 as part of the banks ALM team where he leads the hedge accounting team and is the subject matter expert for the hedge accounting programs across the bank. In his role Michael works with the various franchises in RBS, advising on the technical aspects of financial instruments and hedge accounting in a way the business can understand and also ensuring the practical implications and control issues arising from business decisions are understood and adequately dealt with.

Previously Michael worked for HSBC as the EMEA head of hedge accounting and also in Balance Sheet Management product control. Michael started his career as an auditor leading audits in Australasia and North America. He is a member of the New Zealand Institute of Chartered Accountants.

Brendan van der Hoek - Headshot - IFRS 9 2017

Brendan van der Hoek, Technical Accounting, Santander UK

Brendan has been working in the UK banking industry for more than 12 years and in a technical accounting capacity for more than 24 years.

Brendan started his career in 1984 taking a cadetship with a smaller firm in Perth, Australia. In 1989 he traveled overseas, spending 5 years working with Deloitte, Hong Kong before returning to Sydney in 1995 to work in Deloitte Australia’s National Accounting & Auditing Technical team. In 1996, Brendan joined Coopers & Lybrand, Brisbane and became part of PwC Australia’s national Accounting Consulting Services (ACS) team after the merger with Price Waterhouse. In 2002, Brendan moved to London to work in PwC’s Global ACS team and in 2004 he joined accounting policy at Lloyds Banking Group where he remained for nearly 10 years. In 2014, Brendan joined Santander UK where he looks after their Technical Accounting function.

Brendan currently represents Santander UK on the BBA Disclosure Working Group, the ISDA European Accounting Committee and the ICAEW Banking Committee. Brendan was a member of EFRAG’s Financial Instruments Working Group between 2009 and 2012.

Brendan is a member of both the ICAEW and Chartered Accountants Australia & New Zealand.

Jeroen van Doorsseleare - Head shot - IFRS 9 2017

Joreon Van Doorsselaere, VP Market Management Risk & Finance EMEA, Wolters Kluwer

Over a ten-year period, Jeroen Van Doorsselaere has acquired in-depth theoretical and practical knowledge about the financial industry. Through his expertise of IAS /IFRS, Jeroen has built and specified the IAS accounting templates and IAS 39/IFRS 9 calculators within the Accounting team. Furthermore he has gained project experience to meet the growing requirements from the central or local regulators as well as the specific requirements and difficulties of the client.

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David Vanden Abeele, Head of Risk Model Development, Credo Software

David has been crunching numbers for over 25 years in the worlds of engineering and finance. He spent numerous years at KBC Group, first as a model validator (Basel 2/ Solvency 2), then as the head of KBC’s Group-wide risk modelling team. He teamed up with the ICT/Finance experts at Credo in 2015 and as such is currently involved in the IFRS9 modelling efforts of five Belgian banks. As a partner in Credo Software, David also provides IFRS9 reporting software to several banks.

David holds a PhD in computational physics, co-sponsored by the von Karman Institute (VKI/NATO) and the Catholic University of Leuven, Belgium.

Albert Winston

Albert Winston, Head of Validation, Permanent TSB

Albert Winston is Head of Model Validation for Permanent TSB, an Irish retail bank focused mainly in the mortgages sector. The role of the validation team in PTSB covers the review of a range of models including Regulatory Pillar 1 and 2, stress testing, EV and impairment.

Find our IFRS 9 thought-leadership articles here. These articles feed from our much larger Risk Insights section of our website which provides you with thought-leadership, white papers, articles and more across risk and regulation.

2nd February 2017
online_banner_780x260

Assessing the preparedness of financial institutions using standard approach for IFRS 9

27th January 2017
David Vanden Abeele

IFRS 9 impairments: Things the IASB did not anticipate when releasing the standard

17th January 2017
London

Examining system readiness and capabilities as the industry moves towards parallel runs and full IFRS 9 implementation

13th January 2017
Chris Innes Wilson

Understanding what should be included in disclosure and the level of detail required

10th January 2017
Simone La Forezza

Parallel phase of implementation

12th December 2016
Accounting

IFRS 9: Are global banks ready

8th December 2016
Unknown-3-1-1

Ensuring implementation readiness and batch execution

7th December 2016
samantha cunningham2

Preparing the institution and increasing internal communication to ensure BAU readiness across teams

5th December 2016
Brendan van der hoek

Understanding what should be included in disclosure and the level of detail required

28th November 2016
Wolfgang Reitgruberand book

Steering with Expected Loss

28th November 2016
IFRS 9 Speakers

The threats and challenges of IFRS 9

28th November 2016
Accounting

How ready are Financial Institutions using Standard Approach for IFRS 9

 
14th September 2016
SRINIVASAN

Expected loss model for impairment accounting: Real challenges in the journey towards compliance & beyond

6th September 2016
sufyan banner

Data governance and end-to-end automation: Leveraging IFRS 9 technology to benefit the business

22nd August 2016
Lars Meyer, zeb

Implementing IFRS 9 impairment – key challenges and collected impressions

Co-Sponsors

Axiom


AxiomSL is the leading global provider of regulatory reporting and risk management solutions for banks, asset managers and insurers. It empowers clients with the tools they need to manage their financial, risk and operational requirements, and to comply with regulatory calculation and disclosure mandates around the world.

All of AxiomSL’s solutions are built on the same adaptable, high-performance platform. This gives clients a unique opportunity to reduce the cost and complexity of compliance by using one platform to manage all of their requirements globally. AxiomSL’s solutions are fully supported and are upgraded when rules and templates change. The unparalleled transparency offered by AxiomSL gives users the ability to drill down from the reports they produce to the calculations and source data they have used.

AxiomSL was awarded The Asian Banker’s 2016 “Best Compliance Risk Technology Implementation of the Year” as well as “Best Implementation at a Sell-side Firm” in the 2016 Sell-side Technology Awards. It was voted Best Reporting System Provider in the 2015 Waters Rankings and was highlighted as a ‘Category Leader’ by Chartis Research in its 2015 Sell-side Risk Management Technology report. The company’s work has also been recognized through a number of other accolades, including success in the Best Reporting Initiative category of the American Financial Technology Awards and in the Customer Satisfaction section of the Chartis RiskTech100 rankings.

Bloomberg


Bloomberg Regulatory & Accounting Products enable banks, asset managers, insurers and other financial organizations to navigate the increasingly complex liquidity, regulatory and accounting disclosure environment. Our products are developed by industry experts in liquidity and risk management, accounting and regulatory compliance who understand the challenges faced by sell-side and the buy-side firms today.

Bloomberg solutions help firms leverage their data capital to ease the burden of regulatory compliance. By feeding high-quality data to multiple enterprise systems, risk departments can ensure proper risk management at the firm- and portfolio-level. At the same time, compliance departments can be confident the data they use is regulation-ready. And because all Bloomberg Regulatory & Accounting Products leverage the same data integrated into the Bloomberg Professional service, risk and compliance operations can expect data consistency.

CREDO


Credo is a niche player offering specialised ICT and modelling advice to European banks of all sizes since 2001. Based in Antwerp (BE) and Prague (CZ), Credo’s senior experts have the combined skills to set up end-to-end solutions for their customers. To this end, Credo also develops and markets its own financial risk management platform.

Credo has actively contributed to the IFRS9 programmes of 6 Belgian banks so far, on topics including ICT/data, software, modelling and governance.

FAS


FAS AG is an independent consulting company focused on international reporting, accounting and regulatory issues. Within these topics the FAS Financial Services team advises banks and financial service companies regarding technical issues as well as the related processes. Established in 2000 as a Spin-off from Arthur Andersen, today FAS supports you as an innovative solution provider and professional alternative to the Big4 with over 70 professionals working on projects all around the world.

Online Business Technologies


Online Business Technologies is an innovative company in the financial software development industry, whose solutions are used in 14 countries. The company has business partners of various types: commercial banks, savings co-operatives, leasing companies, specialized financial institutes, and also public organizations, who manage EU funds and state subsidized loans. Its flagship product is MoonSol, a modern, state-of-the-art, modular bank account management system, a graphical, three-tiered software application that is flexibly extensible, boosts 7×24 operations and several innovative technological solutions. It has a set of á la carte modules ranging from account and loan management through general ledger to IFRS that can be collected arbitrarily, even individual modules can be introduced. It boosts full scale workflow management both for the front-office and back-office modules.

Wolters Kluwer


Whether complying with regulatory requirements or managing financial transactions, addressing a single key risk, or working toward a holistic enterprise risk management strategy, Wolters Kluwer works with customers worldwide to help them successfully navigate regulatory complexity, optimize risk and financial performance, and manage data to support critical decisions. Wolters Kluwer provides risk management, compliance, finance and audit solutions that help financial organizations improve efficiency and effectiveness across their enterprise, with more than 30 offices in 20 countries.
For further information please visit www.wolterskluwerfs.com.

Exhibitor

Adweko


ADWEKO is an international IT consultancy firm and an expert provider of SAP solutions in the banking and insurance sector. Our range of services includes technical consultancy, system maintenance and the development of best practice products and tailored client add-on solutions.
Especially in our core areas of SAP Banking, SAP Insurance and Business Intelligence, we set the standard for both technological and methodical competence. Our clients include major banks and insurance companies from all over the globe.

Media Partners

Business Money
CCR Mag
ComplianceEx
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The European
Financial-IT
Global-Risk-Community-180x110


Sponsorship

Can your organisation contribute at our IFRS 9: Impairment and Implementation?

Please contact the Center for Financial Professionals today to discuss how we can deliver your thought-leadership at the event, help you generate leads, and provide you with unique networking and branding opportunities. Below is an outline of what we can offer, but please contact sales@cfp-events.com or call us on +44 (0)20 7164 6582 where a member of the team will be happy to tailor the right package for you.

Media Publications

We are happy to support publications, associations and organisations at this event. From a simple company listing with your logo to taking advantage of some of our sponsor benefits listed above. To discuss a media partnership further please email sofia.nicolaou@cfp-events.com or call +44 (0)20 7164 6582.

Venue

Monument – 8 Eastcheap
8 Eastcheap
London
EC3M 1AE
UK

Earn up to 14.5 CPD Points

Nearby Hotels

Download the Risk Insights App

Interact with your colleagues, peers and industry thoughts leaders live at the IFRS 9: Impairment and Implementation.

Our Risk Insights App provides an audience interaction participation tool at the Summit which allows you to ask speakers and panelists questions throughout the sessions and engage in industry polls with other senior risk professionals.

All Summit information is available at a click of a button such as the two day agenda, biographies of all presenters map location and surveys

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Sponsor the App. For more information, email us.

ANDROID and APPLE USERS

1. Search for “Risk Insights” on your relevant app store.

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2. Once the App is downloaded and opened, IFRS 9: Impairment and Implementation will appear on your dashboard. Select “Access Now”

3. You will be asked to provide the event access code, an email with this code has been sent to you by email after registering for the event.

4. Here you will be able to access all details you need prior and during the event, i.e presentations, agenda and map. The polls and ask a question features will be used during the course of the two days so make sure to keep your phones handy during the event.

OTHER DEVICES

We have a web App available to use through your phone internet browser. At the event visit www.cefpro.com/app and simply select IFRS 9: Impairment and Implementation, then enter your details and the access code (refer to your emails for the code)

If you are having any issues please feel free to drop us a call on +44 (0)20 7164 6582 and a member of the team will be able to help you out.

After the Event

Keep the Risk Insights App after the event to browse risk and regulation insights, share and save articles, and receive notifications on the latest challenges all within your professional interests. Our network of authors range from risk professionals within banking risk, financial regulation, market risk, credit risk, operational risk and treasury/balance sheet management.

Frequently Asked Questions

Can I present at IFRS 9: Impairment and Implementation Summit?

Yes, the Center for Financial Professionals are happy to discuss speaking opportunities at IFRS 9: Impairment and Implementation. For further information on this please contact alice.kelly@cefpro.com or call us on +44 (0) 20 7164 6582.

Are there any rules on the dress code?

Business attire is requested. The Summit is a formal opportunity to network with like-minded professionals and to gain knowledge from the industry’s finest risk management experts.

What is the cost and what is included in the registration fee?

We offer incentives for ‘early bird’ registrants of the Summit, as outlined on our pricing structure.

Registration includes breakfast, refreshment breaks, lunches, the cocktail reception at the end of the day, full access to the Summit sessions and exhibition area. Presentations from sessions are also available, subject to speaker approval.

Where can I find the Summit documentation and speaker presentations?

All registered attendees will receive an email with access to documentation and speaker presentations after the Summit*

We will work with our presenters to include as many presentations as possible on our Risk Insights App during the Summit.

*Please note that our speakers often have to gain permission from their relevant compliance departments to release their presentations. On rare occasions compliance may not allow presentations to be distributed.

Will breakfast, lunch and refreshment be provided?

Yes. As with all of our events the Center for Financial Professionals will be providing brilliant coffee, breakfast, lunch, refreshments, and smaller bites during the networking breaks.

This will be provided on both days of the Summit.

Will there be opportunities to network with other attendees?

There are ample opportunities for networking and interaction throughout the Summit, such as

  • Breakfast, lunch and refreshment breaks
  • Cocktail reception at the end of the day (Subject to confirmation)
  • Q&A, panel discussions and audience participation technology available through the Risk Insights App
I have several colleagues that would like to attend, is there a group discount?

Certainly! We are pleased to offer you a 50% discount on the third registration or provide a fifth registration for free.

If you would like to register more than five colleagues please contact us on +44 (0) 20 7164 6582

Please note:

  • Registrations must be made at the same time
  • Registrations must come from the organisation
  • The lowest registration will be discounted
Are there opportunities to share my thought-leadership at IFRS 9: Impairment and Implementation?

Yes there are plenty of opportunities for the Center for Financial Professionals to share thought-leadership to the attendees of IFRS 9: Impairment and Implementation and our wider risk professionals community.

At the event
We can distribute your material to the attendees, offer you an exhibition booth, and provide speaking opportunities so that you may enjoy a more prominent presence at the Summit. Visit the Sponsor tab for further information or contact sales@cefpro.com / +44 (0) 207 164 6582.

Risk Insights
Feature your content on our Risk Insights website and supporting Risk Insights monthly newsletter. For further information please download our media pack here.

Are media partnerships available for IFRS 9: Impairment and Implementation?

Yes. As part of a media partnership we can offer a variety of options to increase the branding and awareness of your association, company, certificate, publication or media. We are flexible with what we can offer however we usually:

  • Provide a discounted rate to attend
  • Place your logo and profile on the Summit website
  • Place your logo on the Summit brochure
  • Place your logo on promotional content where applicable
  • Distribute your media/marketing at the Summit
  • Promote through social media channels

To discuss this further please contact sofia.nicolaou@cfp-events.com or call +44 (0) 20 7164 6582.

Earn CPD Points

To claim your CPD points please contact info@cefpro.com or call (0)20 7164 6582

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See Us In Action

Standard Rate Register Now
4th in the Series IFRS 9: Impairment and Implementation March 1-2 £1499*

Registrations after 10 February

Register Here

*All rates are subject to UK VAT

Should you have any questions regarding registering, please contact the Center for Financial Professionals, please contact us on +1 888 677 7007 (US) or +44 (0)20 7164 6582, or email info@cfp-events.com

Group Bookings:

Group rates are available for 2 or more attendees from the same organisation, when registering at the same time. The current rate allows every third colleague to come along for half price! or a fifth colleague to attend for free

Other ways to register

Save time – Register by email

Simple email us your e-signature – and we will do the rest for you!

2. Contact Us Directly

3. Download the PDF Registration Form

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IFRS 9 REGISTER NOW
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Download the Risk Insights App

Co-Sponsors

Axiom 245x150
Bloomberg 245x150
Credo
FAS 245x150
Online Business Technologies 245
Wolters Kluwer 245x150

Exhibitor

Adweko logo
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