The International Financial Reporting Standard 9 (IFRS 9) is a crucial accounting standard that addresses financial instruments' classification, measurement, and impairment. For central banks, understanding IFRS 9's expected credit loss (ECL) model is vital to assess and manage potential credit risks accurately. The aim to equip central bank professionals with the necessary knowledge and practical skills to build IFRS 9 ECL models from scratch using real-world data.
The primary objective of this course is to provide central bank staff with a comprehensive understanding of IFRS 9 and its ECL model. Participants will learn to build robust ECL models using practical data to support effective credit risk management in central banks' operations.
Day 3: ECL Modelling Techniques and Approaches