Sebastian Ptasznik
Close Brothers Group
Head of IFRS9 and Non-Credit Risk Validation
Expedition Into the Depths of Deep Learning Sea
- Risks of rapid progression and deployment of complex AI systems.
- AI alignment as the biggest challenge we are not ready to face, or even recognize.
- Distance to the emergence of Artificial Generalised Intelligence (AGI).
- Assessment of industry, academia and regulatory response to the risk introduced by modern AI.
Aymeric Chauve
Societe Generale
Director
At the Crossroad Between Market and Credit Risk: Focus On Counterparty Credit Risk
- Introduction
- Simplified taxonomy
- Main CCR metrics
- Risk mitigation (legal and margining)
- Making a « CCR » credit decision
- Conclusion and Q&A
Andrea Buzzigoli
HSBC
Global Head of Wholesale Economic Response Analytics
IFRS9 and Credit Risk
- Despite being in effect since 2018, some banks may continue to face challenges in fully implementing IFRS 9 into their credit risk management practices by 2023. Inclusion of different information in the calculation of PIT measures becomes critical to ensure accuracy and timely reaction to a rapidly changing economic environment.
- The economic uncertainty stemming from COVID-19 and the impact of may pose challenges for banks to forecast credit losses as required by IFRS.
- IFRS 9's significant implications for financial reporting require banks to align their credit risk management practices to avoid any negative impacts on their capital ratios.
Antonio Picciarelli
Intesa Sanpaolo
Senior Director Audit Internal Model & Capital Adequacy.
IFRS9: The Role of Internal Controls in a Supervised Environment
- Why is IFRS9 a priority for European banks?
- The relevance of 'stage 2' for the European banking sector.
- The role of the internal controls and risks should be monitored.
Anastasia Shcheglova
ABN AMRO Bank
Regulatory Expert
Topic - Basel IV Implementation in the European Union: Key changes and challenges
- Basel IV context and key areas of change with a focus on credit risk
- Implementation of Basel IV in the European Union: Legislative process and key differences
- Expected impact, challenges, and implications of Basel IV for European banks' capital profiles
Martin Vandervoort
European Central Bank
Supervision Analyst
Emerging Risks in IFRS9 Models
- Lessons learned from supervisory activities on IFRS 9: How banks capture emerging credit risks in their provisioning framework?
- Role of IFRS9 overlays in identifying and measuring novel credit risks.
- Identified best practices and actionable points for future supervision.
In the world of finance, credit risk management plays a crucial role in maintaining financial stability and profitability. It is an ongoing process that requires continuous transformation and strategic excellence, as well as balancing opportunities and uncertainties while navigating the ever-changing global economy. In this process, prioritizing customers becomes possible only when you have seamless connectivity and innovative solutions to optimize the available data. In times of upward macroeconomic forces, investing in your credit risk management capabilities adds value and distinguishes your organization, particularly in the face of economic downturns. Integrating the latest technological advancements, such as AI and ML, along with real-time actionable data, into your risk management model enables strategic decision-making and enhances the overall experience for all stakeholders, from borrowers to lenders. Get ready for an exciting journey of knowledge and collaboration, where we push the boundaries of what's possible and shape the future of credit risk management together.