Programme

Programme

Programme

IFRS9 Masterclass
Day 1
Wednesday, 28 November 2018

08:30

Registration

09:00

Challenges of Implementing IFRS 9

  • Update on IFRS 9 implementation and supervisory actions
  • Adoption dates and implementation guidelines
  • Operational aspects of implementing IFRS 9

10:30

Morning coffee break 

11:00

IFRS 9 Impacts 

  • Business consequences and impact on decision making
  • Pricing and new business origination
  • Capital management and how this feeds risk appetite
  • Capital ratio and risk adjusted performance management
  • Impact on impairments
    • Six stages to three stages 

12:30

Lunch  

13:30

Classification of financial assets  

  • Fair valuation
  • Financial assets at fair value through profit or loss
  • Reclassification of assets 

15:00

Afternoon coffee break 

15:30

Measurement of financial assets and liabilities

  • Initial recognition including treatment of transaction costs
  • Financial assets measured at:   
    • Amortised cost
    • Fair value
  • De-recognition of financial assets
  • Embedded derivatives: Simplified approach in IFRS 9

17:00

End of day 1 

IFRS9 Masterclass
Day 2
Thursday, 29 November 2018

08:30

Registration

09:00

Addressing data challenges - building an IFRS 9 calculation and reporting platform

  • Investigating data gaps
  • Gathering historical data to categorise assets
  • Data quality and management issues - ensuring consistent use of data 
  • Integrating and normalising data from across the organisation
  • Incorporating macro-economic data 
  • Building a calculation and reporting platform 
  • Cost implications and methods of migtigating that cost

10:30

Morning coffee break 

11:00

IRB approach and IFRS 9 modeling

  • Convergences and differences
  • Calculating expected losses  
  • Through the cycle vs. point in time approaches  
  • Approaches to exposure at default  
  • Default definition 
  • Leveraging IRB models for IFRS 9: an integrated approach possible?

12:30

Lunch

13:30

Hedge Accounting

  • Overhaul of hedge accounting models to align with risk management activities 
  • Different hedging relationships and the expectations
  • Hedge accounting to reduce the volatility of financial statements
  • Hedge effectiveness assessment and measuring ineffectiveness
  • The hedge ratio- the relationship between hedging instruments and hedging item

15:00

Afternoon coffee break

15:30

IFRS 9 - what next?

  • How has implementation gone?
  • What has been learned?
  • What are regulators current expectations?
  • What have the IASB experienced with IFRS 9 implementation?
  • What is next for the industry?

17:00

End of masterclass