CRIF was one of the speakers at the “IFRS 9 validation among leading banks and less significant institutions”

CRIF was one of the speakers at the “IFRS 9 validation among leading banks and less significant institutions” organized by the Credit Risk Club on July 13 in Bologna.

As well as CRIF, presentations were given by academic, institutional and banking representatives, bringing their point of view on one of the hottest topics in the area of credit risk management.

Among the participants were leading Italian banks, which contributed to a wide discussion on the impacts of the regulations on the banking system.

In particular, Marco Macellari, Senior Manager at CRIF Credit Solutions, gave a speech defining the characteristics of the IFRS 9 validation framework and specifically analyzing the impacts for less significant banks.

“The adoption of a validation model in line with regulatory requirements requires banks to:

  • assess the robustness, consistency and accuracy of the models underlying the expected loss estimate
  • oversee the integration of models into the banks' processes
  • structure a monitoring reporting system
  • dedicate an independent function to the validation of models and the sharing of the results with top management

with significant impacts on organizational and operational processes in terms of resources and specialist skills, and inevitably on the cost structure. For different less significant banks, therefore, it may be more effective and sustainable to find an outsourcing solution, entrusting the task to a specialist partner, in relation to the internal construction of a validation framework”, explained Marco Macellari.

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