The International Financial Reporting Standard IFRS9:
22 – 24 April 2018 Muscat – Sultanate of Oman Crown Plaza Hotel
The shift to expected Credit Loss accounting frameworks is an important step forward in resolving the weaknesses identified during the financial crisis that credit loss recognition was too little, too late.
A closed relationship and interference between capital and provisions is currently existed. Certain types of provisions have some of the loss-absorbing characteristics of capital, known as general provisions, and other types of provisions should not be included in capital, described as specific provisions.
This workshop will discuss the practical implementation issues of IFRS9 and proposed policy considerations related to the regulatory treatment of accounting provisions, and the implications of expected loss approaches on regulatory Capital.
It will also highlight the supervisory expectations from implementation of the new expected loss model of provisioning and the sound credit risk practices associated with the implementation and ongoing application of and regulatory treatment of accounting provisions under IFRS9.
On completion of this workshop, participants will be able to:
Describe current practices of Provisions
Discuss What influences the inclusion of provisions in Regulatory Capital
Describe the main features of the new impairment methodologies under IFRS9
Identify the essential elements of a Regulatory Expected Loss
Recognize main principles of a sound expected credit loss (ECL) framework
Describe current developments in the calculation of Expected Credit losses.
WHO SHOULD ATTEND THIS WORKSHOP?
Credit Risk Officers
MAIN TOPICDS TO BE COVERED
Session 1: The interplay between Accounting and Regulation
Session 2: IFRS9 AS a countercyclical measure
Session 3: The new model of provisioning
Session 1: Modelling Credit Risk
Session 2: ECL Methodologies
Session 3: ECL Methodologies (Numerical Exercises)
Session 1: Internal Rating Considerations
Session 2: Impact of the new impairment Model on Regulatory Capital
Session 3: Impact of the new impairment Model on Regulatory Capital
The participants should have a good familiarity in Basel requirements and Specialy Credit Risk.
Profound English is a must
Mr. Muhammad Qaiser
Partner, Ernst & Young / Dubai – UAE.
SCHEDULE AND LANGUAGE:
Registration: the first day from 8am to 9 am.
Schedule : from 9:00 am to 15:00 pm daily.
Workshop language: English and little Arabic.