Understand Steering Profits and Risks based on IFRS 9 and Integration of Stress Tests
Unveil EBA- and ECB-Impact Assessments with overview on current Supervisory Responses to IFRS 9
Become aware of critical issues to be solved with IFRS 9 in defaults, NPLs and Stage 3
Determine Regulatory Capital: CRR and IFRS 9
Determine the Basel and EBA Guidelines on ECL and current ECB developments
Identify how to apply the hedge accountingmodel and 3 Stage Provisions in IFRS 9
Training Description
In the modern world under the influence of globalization of economic processes, reporting professionals require common standards in order to clearly understand company’s financial situation, obtain information about assets&liabilities, and investment actions of company. IFRS 9 Implementation MasterClass is designed to provide basic ethics as well as improve the level of knowledge in the field of IFRS9 which comes into effect on the 01 January 2018, meaning: it is crucial to get up to speed with the new regulations. The MasterClass approach is vastly practical and will cover financial instruments accounting under IFRS 9. It will help you to understand fundamental concepts and principles underlying IFRS9 and also develop your skills in its efficient implementation in every aspect.
IFRS 9 Implementation MasterClass is essential for professionals in the field of accounting, auditing and finance, who are aiming for career development. One of the reasons why GLC MasterClasses stand out from others is that our participants gain not only the knowledge from highly experienced and specialized professionals, but also learn how to apply gained insight in real life.
Special features:
- Q&A sessions
- Best practices
- Brainstorming
- Regulatory insight
- Case studies
- Interactive workshop
- Templates and Step-by-step guides
Training includes:
- Specific and exceptional educational insights combining modern theories and practical examples
- Workshop using advanced international experience and knowledge of high-level expert
- Special materials and templates for future use by the participants in their work
Some of the key takeaways include:
- Learn how to interpret accounting requirements of IFRS 9 into a model context
- Find out how to bring International Accounting Standards Board and EBA Requirements on EL-Provisions
- Observe SSM Guidance on NPL Valuation and Management
- Establish issues and solutions of 12 month and lifetime PD measurement
- Master how to incorporate effective interest rates into the PD/LGD-Model
- Compare lifetime losses versus CVA-measurement: Similarities and Differences
- Understand Steering Profits and Risks based on IFRS 9 and Integration of Stress Tests
- Unveil EBA- and ECB-Impact Assessments with overview on current Supervisory Responses to IFRS 9
- Become aware of critical issues to be solved with IFRS 9 in defaults, NPLs and Stage 3
- Determine Regulatory Capital: CRR and IFRS 9
- Determine the Basel and EBA Guidelines on ECL and current ECB developments
- Uncover Best Practice from the Supervisory Discussions with European Banks
- Identify how to apply the hedge accounting model and 3 Stage Provisions in IFRS 9
Training Schedule
*Please note that the agenda is illustrative, the program can change according to the actual, latest regulations, standards.
Day one
09:30 IFRS 9 and Credit Risk Management: Understanding the Differences and Making Use of Synergies
10:30 Special accounting requirements for guarantees and loan commitments
11:20 Incorporating effective interest rates into the PD/LGD-Model
13:30 Entangling 3 Stage Provisions and Hedge Accounting
14:30 Lifetime losses versus CVA-measurement: Similarities and Differences
15:35 Impairing Lease Receivables
16:20 Steering Profits and Risks based on IFRS 9 and Integration of Stress Tests
Day two
09:00 Current Supervisory Responses to IFRS 9 (EBA, ECB)
10:30 Defaults, NPLs and Stage 3: Critical Issues to be solved with IFRS 9
11:00 CRR and IFRS 9: Determining Regulatory Capital
13:00 The Basel and EBA Guidelines on ECL and current ECB developments
13:30 The Latest Interpretations from the IASB, Auditors and IFRS-Enforcement Authorities
14:00 Identifying Best Practice from the Supervisory Discussions with European Banks
15:00 Which supervisors will challenge IFRS 9 and how?
Get insight into a similar past event
Get to know the Expert Trainer
His team examines the financial reports of exchange listed groups for accounting errors. He also deals with prudential accounting issues of banks, aiming at the integration of IFRS and the CRR. He participates in the IFRS 9 working groups of ESMA, EBA, the European Central Bank and the European Systemic Risk Board and heads the national IFRS 9 implementation in the Austrian FMA. David published several books and over 70 journal articles on IFRS and credit risk valuation and lectures IFRS at two universities.
Who should attend?
CROs, CFOs, COOs, Presidents/VPs/EVPs/FVPs/SVPs, Global Heads, Department Heads, Managing Directors, Directors, International/Senior Managers OF:
- Asset/Liability Management
- Balance Sheet Management
- Bank & Country Risk
- Capital Management
- Capital Modeling
- Compliance
- Counterparty Credit Risk
- Credit Portfolio Management
- Credit Research
- FI Risk Management
- Funding Risk
- Funds Transfer Pricing
- Interest Rate Risk
- Portfolio Strategy
- Prudential Policy
- Quantitative Analysts
- Risk Analysis
- Risk Control
- Risk Integration
- Risk Integration
- Risk Methods
- Risk Model Development
- Risk Modelling
- Risk Strategy
- Stress Testing
- Supervision/Regulation
- Media Partners
and various Risk professionals in related Risk functions from Financial
Institutions across the Globe
Our events were attended by these companies
Official Airline Partner
FAQ
The client has the right to cancel his/her registration in the event.
There is a 50% liability on all conference registrations once made, whether the booking was made through our website or via e–mail/ telephone/ fax.
If the client cancels with more than 8 weeks’s advance notice, GLC shall be entitled to an amount equivalent to 50% of the conference fee and 16 EUR administration charge. In case the client has already made his/her payment, this will be deducted from the conference fee GLC has already received and the remainder will be refunded. If no conference fee has been received prior to the cancellation request, GLC will issue an invoice for the cancellation fee (the amount equivalent to 50% of the conference fee and 16 EUR administration charge), which the client must pay immediately upon receipt. No refunds are available for cancellations received with 8 week’s (or less) advance notice or in case the client fails to attend the conference. In these cases, the full amount of the conference fee must be paid.
- Get the timing right.
Many people are afraid to request for training budget, because they can’t seem to find the “perfect time” to do it. Well, there’s no perfect time to ask for it, but there are definitely some moments that are better than others. For instance, if your boss is about to take a two week vacation, he/she might be in a good mood. If he/she just lost a major account, may not be wise at that juncture. - Make a case for yourself
When you ask for budget, you should be prepared with specific details and explanations about what is in it for the company and you’re superior. If you go into a meeting and just say, “I want to get budget for a conference,” it’s likely that your request won’t be taken seriously. If you want to plan ahead, then you should be prepared to explain the following points:
1. Start by stating your accomplishments
2. Show that you’re ready for more responsibility and eager to learn
3. Describe:
a) How this event will increase your productivity?
b) How you will need less supervision
c) How you can bring back the knowledge to the company
4. Follow up