Implementation of IFRS 9 in Emerging Markets

This course is beneficial for anyone involved in IFRS 9 Implementation or credit risk management in South East Asia. Participants will learn the principles of IFRS 9, impacts of implementation, best practice approaches to governance, ECL modeling, and stress testing.

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Implementation of IFRS 9 in Emerging Markets

19-20 September 2019

Kuala Lumpur, Malaysia

 

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Vijay Krishnaswamy

Partner

True North Partners LLP | Former Senior Manager, Risk Analytics and Credit Process, Standard Chartered Bank

Vijay has over 21 years of risk management experience spanning consulting, regulation and the banking industry.  He is a Partner at True North Partners’ London office.  Previously, he worked for the UK FSA, supporting the risk assessment of UK banks and firm-wide stress testing. Prior to the FSA, Vijay’s experience includes ANZ and Standard Chartered Bank in Asia where he worked in front office, finance and risk, and KPMG in Germany.  Vijay has worked on several strategic ALM engagements for banks of different levels of complexity and sizes.

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Aziz Durrani

Senior Financial Sector Specialist, Financial Stability and Supervision and Payment & Settlement Systems

The SEACEN Centre

Aziz joined the SEACEN Centre in August 2016 on a sponsored career break from the Bank of England. He is responsible for providing technical assistance and delivering training programmes to SEACEN member Central Banks, Regulatory Authorities and associates on issues related to Supervision, Financial Stability and Risk Management.

Before joining SEACEN, Aziz had spent 7 years working as a Senior Technical Specialist at the Bank of England / Prudential Regulation Authority. He was originally recruited as the Lead Supervisor of RBS’ Non-Core Bank, following RBS’ collapse in 2009. Aziz was responsible for supervising the management, workout and sell-off of RBS’ assets and portfolios, and its eventual wind-down. Aziz then joined the Risk Specialists Directorate and over several years led the stress testing of Wholesale banking book exposures for all the major UK banks, eventually as part of the Bank of England’s Concurrent Stress Test. He also had responsibility for leading the on-site Asset Quality and Provision Adequacy reviews across Wholesale loan portfolios of major banks, both in the UK and globally.

Aziz began his career in the Strategy, Finance and Economics practice of Andersen Business Consulting in London, and later worked at Standard Chartered Bank UK, covering the Origination, Structuring and Syndication of Structured Trade, Infrastructure and Leveraged Finance loans across the UK, Europe, South Asia and Africa. He also worked at Lloyds Banking Group in Leveraged Finance Loan Restructuring and Workout, and in Liquidity and Funding Risk. Aziz is a graduate in Economics and Philosophy from The University of Nottingham, UK, and also studied for an M.Sc. in Computing for Industry at Imperial College London.

This two-day course provides an in-depth analysis and strategy for implementing IFRS 9 on financial instruments. Our expert speakers will discuss challenges in implementing IFRS 9 and share case studies on practical application of the standard.

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Training
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Networking
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Group Discussion
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What will you learn?
  • The main challenges and operational impacts arising from IFRS9 implementation
  • Best practice approaches to governance of IFRS9
  • An in-depth understanding of hedge accounting
  • Various stress testing methodologies
  • Methods to monitor and validate IFRS 9 solutions
  • How regulators have assessed implementation so far and how IFRS9 interacts with other regulations
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Who Should Attend

Relevant departments may include but are not limited to:

  • Credit Risk
  • Accounting
  • Hedge Accounting
  • Regulation
  • Risk Modelling
  • Internal Audit
  • Stress Testing
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Course Highlight
  • Challenges of implementing IFRS9
  • Governance & IFRS9 impacts
  • IFRS9 model validation and supervision
  • Hedge accounting
  • Stress testing methodologies under IFRS9
  • IFRS9 models assurance
  • IFRS9 monitoring, benchmarking and validation
  • Regulatory response and moving forward