The International Financial Reporting Standard 9 (IFRS 9) is a critical accounting standard that governs the classification, measurement, and impairment of financial instruments. It has become especially vital for central banks to grasp the Expected Credit Loss (ECL) model in order to assess and manage credit risks with precision. The IFRS 9 standard plays a key role in how credit risk models are developed and implemented within central bank risk management frameworks.
This course is designed to equip central bank professionals with the knowledge and skills required to effectively build IFRS 9 ECL models from scratch, using real-world data. Participants will gain a comprehensive understanding of IFRS 9 and its implications on credit risk management and financial stability in central banks' operations.
By the end of this course, participants will be able to:
As IFRS 9 becomes increasingly important for central banks worldwide, understanding and implementing the Expected Credit Loss (ECL) model is critical for ensuring financial stability and compliance with global standards. This course provides the necessary tools and techniques to build robust ECL models, calibrate them accurately, and integrate them into central bank risk management practices.
By attending this course, participants will be equipped with the knowledge to make informed decisions in credit risk management, improve the accuracy of financial reporting, and enhance the overall stability of their organizations.