We'll help you build a solid and clear path to compliance.
We'll help you build a solid and clear path to IFRS 9 compliance.
IFRS 9 is effective for annual periods beginning on or after 1 January 2018. But don't worry, our team of credit risk specialists can get you there.
With new complex regulations governing provision requirements through IFRS 9, businesses are challenged to adapt to and adopt the new rules.
The matter of provisions brings together the sometime detached risk and finance departments. Businesses need assistance in bringing together these two worlds.
Benefits that Principa deliver
Cost-savings that can be uncovered in the process,
Knowledge-transfer of IFRS 9, risk provisions, and financial models,
Closing of a temporary analytical capacity shortfall created by the IFRS 9 compliance analytical demands,
Deployment of models in our proprietary decisions engine, DecisionSmart.
Principa IFRS 9 Compliance Services
Our IFRS 9 Compliance Services support you on the journey to compliance through any of the following 4 options of engagement:
Are you familiar with the IFRS 9 framework?
The IFRS 9 framework introduces a number of new principles into bad debt provisioning that would require lenders to change the provisioning methodology and possibly some business practices in order to remain compliant.
The IFRS 9 compliance framework and key considerations for retail unsecured lending are detailed below.
The compliance deadline is fast approaching.
So, what are you waiting for?
Let's get you on to a solid path to IFRS 9 compliance.
Contact us to discuss and schedule a preliminary assessment.