Ifrs 9 Impairment & Implementation

EARLY BIRD ONLY £999 REGISTER BY 9 SEPTEMBER 3RD SERIES IFRS 9 IMPAIRMENT & IMPLEMENTATION Reviewing Progress Across the Three Phases as the Industry Moves Towards Parallel Runs and Implementation 20-21 SEPTEMBER, 2016 | THE TOWER HOTEL | LONDON HIGHLIGHTS INCLUDE HEAR FROM IFRS 9, ACCOUNTING & CREDIT RISK PROFESSIONALS INCLUDING: INTERPRETATION OF THE STANDARD Interpreting the standards set and understanding principle based terms Diana Kapsa Head of Credit Risk Methodology UBS Alan Burke Head of Risk Measurement Santander DATA PROCESSES Adapting internal IT and data processes to accommodate the data requirements across IFRS 9 SECONDARY IMPACTS OF IFRS 9 Reviewing the secondary impacts on other business areas of implementation of IFRS 9 requirements Neil Wannop Head of Accounting Development Guido Sopp Accounting Expert Austrian Financial Market Authority EXPECTED CREDIT LOSS MODEL A supervisory perspective of the IFRS 9 expected credit loss model Lloyds Banking Group Claudia Eusebio Director, Accounting Policy & Advisory Group Vivien Brunel Head of Risk & Capital Modelling PROVISION MODELS The practical implications of building provision models with flexible parameters for determining expected losses <ul style="display: flex;"><li style="flex:1">Deutsche Bank </li><li style="flex:1">Societe Generale </li></ul>DISCLOSURE REQUIREMENTS Tackling the disclosure requirements of IFRS 9 Oliver Fiala Head of Group Credit Risk Wolfgang Reitgruber Deputy and FVP in Group Credit Risk Modelling UniCredit S.p.A. FORWARD LOOKING SCENARIOS Developing multiple forward looking scenarios and implementing a forward looking view of impairment to align with economic forecasts Volksbank Julian Parkin Head of Regulatory & Statutory Portfolio, Finance Change Carol Lynch Head of Impairment Analysis & Reporting, IFRS 9 & Impairment Unit Bank of Ireland IFRS 9 & BASEL III Consistency of IFRS 9 requirements with Basel III BUSINESS BEHAVIOUR & RUNNING OF THE BUSINESS Royal Bank of Scotland The effect of IFRS 9 on business behaviour and running of the business Co-sponsor #IFRS9 <a href="/goto?url=http://www.cefpro.com/vendor-risk" target="_blank">www.cefpro.com/ifrs9 </a>IFRS 9 IMPAIRMENT & IMPLEMENTATION | 20-21 SEPTEMBER, 2016 | LONDON SPONSORSHIP & EXHIBITION PREFERENTIAL RATE ON ACCOMMODATION Advance your branding, awareness, industry expertise, thoughtleadership and lead-generation at IFRS 9 Impairment and Implementation. Attendees can obtain a preferential rate on accommodation at the The Tower. The rates are £250+vat for single occupancy and £260+vat for double occupancy. The rates and rooms are on a first come first served basis and the allocation is only available until the 23 August. Sponsorship and exhibition with the Center for Financial Professionals offers unique networking, brand recognition and thoughtleadership deliverance opportunities with senior risk professionals from around the world. Whether you want full branding across the event or simply a well positioned exhibition stand, our business development team will tailor the right package for you. We do everything we can to help you get your marketing message across and also to benchmark the return on your investment. In order to reserve the rooms please 0800 330 8005 (Option 2) or email <a href="mailto:tower.allocations%40guoman.co.uk%20?subject=Booking%20Ref%3A%20CFPE200916" target="_blank">towe</a><a href="mailto:tower.allocations%40guoman.co.uk%20?subject=Booking%20Ref%3A%20CFPE200916" target="_blank">r</a><a href="mailto:tower.allocations%40guoman.co.uk%20?subject=Booking%20Ref%3A%20CFPE200916" target="_blank">.</a><a href="mailto:tower.allocations%40guoman.co.uk%20?subject=Booking%20Ref%3A%20CFPE200916" target="_blank">[email protected] </a>and quote booking reference: CFPE200916 Call us on +44 (0) 20 7164 6582 or email <a href="mailto:andreas.simou%40cefpro.com?subject=Sponsorship%20Opportunities" target="_blank">[email protected] to find out mor</a>e account and loan management through general ledger to IFRS that can be collected arbitrarily, even individual modules can be introduced. It boosts full scale workflow management both for the front-office and back-office modules. AxiomSL’s enterprise-data management platform delivers data lineage, risk aggregation, workflow automation, validation and audit functionality as well as internal and external reporting capabilities including XBRL. These features provide data and process governance across the entire enterprise and give decision makers the confidence in the automation of complex reporting business logic as well as full control over every step of the process. Moody’s Analytics helps capital markets and risk management professionals worldwide respond to an evolving marketplace with confidence. The company offers unique tools and best practices for measuring and managing risk through expertise and experience in credit analysis, economic research and financial risk management. By providing leading-edge software, advisory services and research, including proprietary analyses from Moody’s Investors Service, Moody’s Analytics integrates and customizes its offerings to address specific business challenges. AxiomSL’s platform seamlessly integrates all of the firm’s existing data across the enterprise and provides the analytics necessary to meet global regulatory standards, risk management requirements and internal and external reporting demands. The high-performance platform aggregates clients’ data to its lowest level of granularity from multiple siloes systems, enriches and validates the data, and then runs the data through relevant calculations and populates the reports Analytical applications are delivered in the areas of data risk management, capital and liquidity reporting while addressing evolving regulatory requirements and market dynamics. With over four decades of experience in partnering with the world’s leading banks and financial institutions, TCS offers a comprehensive portfolio of domain-focused processes, frameworks, and solutions that empower organizations to respond to market changes quickly, manage customer relationships profitably, and stay ahead of competition. Our offerings combine customizable solution accelerators with expertise gained from engaging with global banks, regulatory and development institutions, and diversified and specialty financial institutions. TCS helps leading organizations achieve key operational and strategic objectives across retail and corporate banking, capital markets, market infrastructure, cards, risk management, and treasury. FAS AG is an independent consulting company focused on international reporting, accounting and regulatory issues. Within these topics the FAS Financial Services team advises banks and financial service companies regarding technical issues as well as the related processes. Established in 2000 as a Spin-off from Arthur Andersen, today FAS supports you as an innovative solution provider and professional alternative to the Big4 with over 70 professionals working on projects all around the world. TCS has been ranked #1 in the 2015 FinTech Rankings Top 100 of global technology providers to the financial services industry, by both, FinTech Forward (a collaboration of American Banker and BAI) and IDC Financial Insights. Jaywing will be participating at the IFRS 9 Impairment and Implementation 2016 Summit” zeb is Europe’s leading management consultancy in the financial services sector. zebís services include the development of ultra-modern IT solutions, IT strategy consulting and the provision of support to clients during software implementation projects. Online Business Technologies is an innovative company in the financial software development industry, whose solutions are used in 14 countries. The company has business partners of various types: commercial banks, savings co-operatives, leasing companies, specialized financial institutes, and also public organizations, who manage EU funds and state subsidized loans. Its flagship product is MoonSol, a modern, state-of-the-art, modular bank account management system, a graphical, three-tiered software application that is flexibly extensible, boosts 7×24 operations and several innovative technological solutions. It has a set of á la carte modules ranging from zeb.control.accounting is a comprehensive software solution that allows banks to meet the requirements of the international reporting standards (IAS 39 or IFRS 9). To this effect, the modular standard software provides banks with intuitive user interfaces for categorization, impairment, hedge accounting and the management of posting approaches. <ul style="display: flex;"><li style="flex:1"><a href="/goto?url=https://twitter.com/search?q=center%20for%20financial%20professionals&src=typd" target="_blank">#IFRS9 </a></li><li style="flex:1"><a href="/goto?url=http://www.cefpro.com/ifrs9" target="_blank">www.cefpro.com/ifrs9 </a></li></ul>IFRS 9 IMPAIRMENT & IMPLEMENTATION | 20-21 SEPTEMBER, 2016 | LONDON 12.30 LUNCH BREAK & NETWORKING AGENDA 13:30 IFRS 9 expected credit loss model – a supervisory perspective • Impacts for credit risk management • Main supervisory issues and concerns • Key aspects of the Basel guidance on accounting of expected credit losses • Potential effects for regulatory measures Guido Sopp, Accounting Expert, Austrian Financial Market Authority DAY ONE 20 SEPTEMBER |08.15 REGISTRATION & COFFEE 08.35 CHAIR’S OPENING REMARKS PANEL DISCUSSION 08:45 Interpreting the standards set and understanding principle based terms • Implementation in practice • Defining terms of principles 14:00 Expected loss model for impairment accounting: Real challenges in the journey towards compliance & beyond • IASB’s IFRS 9 Impairment Accounting Approach: Rocky road ahead! • Non-Convergence between IASB and FASB: Adding fuel to fire! • Transition from IAS 39 to IFRS 9: Are banks ready for the first mile stone? • IFRS 9 knowledge pool: Slowing down the pace? • Cross functional alignment: Key to Success! • IT Solutioning: Is this an opportunity to overhaul systems? Srinivasan Varadarajan, Global Head – Banking & Financial Services Practice, Tata Consultancy Services • Measurement for principles • Meeting regulatory expectations Claudia Eusebio, Director, Accounting Policy & Advisory Group, Deutsche Bank Wolfgang Reitgruber, Deputy and FVP in Group Credit Risk Modelling, UniCredit S.p.A. Dooshyant Beekarry, Senior Vice President, Accounting Policy, EMEA Finance, Citigroup Christian Duesterberg, Head of Risk Methods & Models, Erste Group Bank DOUBLE SESSION 09.30 Understanding the broader implications of the IFRS 9 classification and measurement approach 14:30 The practical implications of building provision models with flexible parameters for determining expected losses • Effect on balance sheet • Differences between Basel & IFRS • Accounting for staging parameters • Calculating expected credit loss models • Parameters in determining PD on lifetime view • Local GAAP versus IFRS • Stressing asset classifications • Mapping to new classifications • Impact on business model • SPPI: Fair value criteria & amortised cost Claudia Eusebio, Director, Accounting Policy & Advisory Group, Deutsche Bank Stuart Preston, Project Manager, IFRS 9 Classification and Measurement, Deutsche Bank Oliver Fiala, Head of Group Credit Risk, Volksbank 15.00 AFTERNOON REFRESHMENT BREAK & NETWORKING 10.30 MORNING REFRESHMENT BREAK & NETWORKING 15:30 Implementing IFRS9 impairment – key challenges and collected impressions 11:00 Reviewing the secondary impacts on other business areas of implementation of IFRS 9 requirements • Integration with other areas: • BCBS 239; forecasting; stress testing; models and processes • Third order impacts: Credit risk management, pricing • Capital impact/management • Impact on business decisions • Effect on challenger banks Christian Duesterberg, Head of Risk Methods & Models, Erste Group Bank • Overall process and IT challenges • Staging criteria • POCI and modifications • Impairment of securities • PD profiles for ECL modeling • Key success factors gathered from IFRS 9 implementation projects Lars Meyer, Senior Manager, zeb 16:00 Embedding IFRS 9: Developing the impairment operating model end to end • Documenting the ‘As is’ and designing the ‘To be’ • Developing effective and efficient governance across business, risk and finance functions. • Integrating IFRS 9 Impairment Models into the operating model • Developing/integrating systems, data and control solutions. • Documentation requirements, upskilling and communications. Carol Lynch, Head of Impairment Analysis & Reporting, IFRS 9 & Impairment Unit, Bank of Ireland 11:30 Adapting internal IT and data processes to accommodate the data requirements across IFRS 9 requirements • Organisation of data • Extension of data sources • Using data across jurisdictions and formats • Provisioning revolving products under IFRS 9 • Compatibility with BCBS 239 data requirements Kally Dilip, IFRS 9 Programme Manager, Group Finance, Lloyds Banking Group 16:30 Challenges for measuring lifetime PDs on retail portfolios • Review of possible approaches • Setting modeling standards • Cure rate modeling 12:00 Interdependencies between IFRS 9 Impairment and regulatory capital • How does (Live time) ECL effect regulatory capital? • Similarities and differences between regulatory ECL and IFRS 9 ECL Vivien Brunel, Head of Risk & Capital Modelling, Societe Generale • Expected credit loss shortfall and IFRS 9 – a possible scenario? • Can IFRS 9 ECL improve the regulatory capital ratio? Andreas Huthmann, Member of The Board, FAS AG 17.00 CHAIR’S CLOSING REMARKS 17.10 END OF DAY ONE & DRINKS RECEPTION <ul style="display: flex;"><li style="flex:1"><a href="/goto?url=https://twitter.com/search?q=center%20for%20financial%20professionals&src=typd" target="_blank">#IFRS9 </a></li><li style="flex:1"><a href="/goto?url=http://www.cefpro.com/ifrs9" target="_blank">www.cefpro.com/ifrs9 </a></li></ul>IFRS 9 IMPAIRMENT & IMPLEMENTATION | 20-21 SEPTEMBER, 2016 | LONDON AGENDA DAY TWO 21 SEPTEMBER |<ul style="display: flex;"><li style="flex:1">08.30 REGISTRATION & COFFEE </li><li style="flex:1">13.15 “Just when you thought it was safe to go back into </li></ul>the water…”: The strategic impact of IFRS 9 08.50 CHAIR’S OPENING REMARKS ••••• Complexity, opacity, volatility and incomparability: How does the investor market view IFRS 9? 09.00 Tackling the disclosure requirements of IFRS 9 Procyclicality: Why do some people think IFRS 9 is not procyclical? •••••• Building capability and frameworks What disclosures say about business Data sets - what they will look like Governance More LEL, less UL: How does IFRS 9 impact regulatory solvency? Good business made to look bad: Which businesses will be impacted most by IFRS 9? Hedge and Churn: What can be done to mitigate the negative impacts of IFRS 9? Reporting multiple scenarios Explaining to shareholders, regulators and analysts Neil Wannop, Head of Accounting Development, Lloyds Banking Group Adrian Docherty, Head of Bank Advisory, BNP Paribas DOUBLE SESSION PANEL DISCUSSION 13.45 Effect of IFRS 9 on business behaviour and running of the business 09.30 Developing multiple forward looking scenarios as required under IFRS 9 calculations •••••••• Early engagement with business Embedding in business Management understanding Larger data requirements Governance structure What businesses IFRS 9 will encourage or penalize Capital effects IFRS 9 capital or Basel •••••• Governance structure to ensure common usage Economic scenarios accuracy Comparability across banks of internal scenarios Capacity to operate under multiple scenarios Distinguishing uncertainty over loss projections Probability weighting of IFRS 9 scenarios Alan Burke, Head of Risk Measurement, Santander Vivien Brunel, Head of Risk & Capital Modelling, Societe Generale Julian Parkin, Head of Regulatory and Statuary Portfolio, Finance Change, Royal Bank Of Scotland Samantha Cunningham, Head of Impairment – IFRS 9 Project, AIB 10.15 MORNING REFRESHMENT BREAK & NETWORKING 10.45 Implementing a forward looking view of impairment to align with economic forecasts 14.45 AFTERNOON REFRESHMENT BREAK & NETWORKING ••••••••• Forward looking parameters 15.15 Integrating risk and finance systems to achieve an Looking across jurisdictions aligned IFRS 9 process Stressing scenario and taking average Opportunity to tweak results - accuracy? Fitting regulatory stress tests into an IFRS 9 framework One year PD is lifetime PD • Contrasting existing and IFRS9 compliant provisioning • Comparing Impairment in Risk and Accounting systems • Harmonizing Data Inputs to Risk and Accounting systems • Creating an integration team across risk, finance, treasury and business streams • Creating a flexible process that can adapt and learn from experience. Can you amend existing IRB models How non IRB banks approach IFRS 9 I year and lifetime provisions Diana Kapsa, Head of Credit Methodology Retail, UBS Brandon Davies, Board Director, Obillex Limited, Former Head of Market Risk, Barclays 11.15 Data governance and end-to-end automation: Leveraging IFRS 9 technology to benefit the business CLOSING PANEL DISCUSSION <ul style="display: flex;"><li style="flex:1">•</li><li style="flex:1">The state of data: Granularity, quality, enrichment and </li></ul>validation Data governance: Data journeys, optimised data lineage, data visualisation End-to-end automation: Industrialising the process Leveraging technology to meet IFRS 9 requirements and gain competitive advantage 15.45 Reviewing progress as the industry looks towards parallel runs • • Additional disclosures by year end • Producing robust numbers •• • Reviewing how long to conduct parallel runs • Impact on financial statements • Market changes Diana Kapsa, Head of Credit Methodology Retail, UBS Dooshyant Beekarry, Senior Vice President, Accounting Policy, EMEA Finance, Citigroup Sufyan Khan, Head of Pre Sales EMEA, AxiomSL 11.45 Consistency of IFRS 9 requirements with Basel III •••••Challenges in Credit Risk Steering 16.30 CHAIR’S CLOSING REMARKS & END OF SUMMIT IFRS 9 and Basel models – convergence or divergence? Introduction of impact risk Calibration of IFRS 9 impairment IFRS scenario management – to back test or not? BRING THE TEAM Wolfgang Reitgruber, Deputy and FVP, Group Credit Risk Modelling, UniCredit S.p.A. 50% OFF 3RD ATTENDEE 12GETS 50% OFF 12.15 LUNCH BREAK & NETWORKING when registering at the same time <ul style="display: flex;"><li style="flex:1"><a href="/goto?url=https://twitter.com/search?q=center%20for%20financial%20professionals&src=typd" target="_blank">#IFRS9 </a></li><li style="flex:1"><a href="/goto?url=http://www.cefpro.com/ifrs9" target="_blank">www.cefpro.com/ifrs9 </a></li></ul>REGISTRATION FORM PLEASE REGISTER THE FOLLOWING DELEGATE(S) DELEGATE 1: <ul style="display: flex;"><li style="flex:1">Miss </li><li style="flex:1">Ms </li><li style="flex:1">Mrs </li><li style="flex:1">Mr </li><li style="flex:1">Dr </li><li style="flex:1">Other </li></ul>Name Position Organisation Address VENUE: THE TOWER- A GUOMAN HOTEL, ST KATHARINE’S WAY, LONDON E1W 1LD Country Telephone E-mail Zip/Postal Code Fax REGISTER NOW Signature USING THIS FORM Please complete the relevant fields and select your payment and DELEGATE 2: Name Position Telephone E-mail attendance options. When complete, please click Submit. You will receive confirmation within 48 hours of your registration being received. OTHER METHODS TO REGISTER By telephone: +44 (0) 20 7164 6582 Online: <a href="/goto?url=http://www.cefpro.com" target="_blank">www.cefpro.com/ifrs9 </a>Email: <a href="mailto:info%40cefpro.com?subject=Registering%20for%20Op%20Risk%202016" target="_blank">[email protected] </a>DELEGATE 3 3RD DELEGATE 50% OFF Name Position Telephone E-mail In all cases payment prior to the event is required. Fee includes attendance at sessions, refreshments and course documentation of registered event. GROUP RATES AVAILABLE FOR 3+ DELEGATES 3rd delegate gets 50% OFF when registering from the same company, at the same time. For further information call: +44 (0) 20 7164 6582 or email: [email protected] Confirmation: you will receive confirmation and joining instructions from us within two working days of registering. If this is not the case, please telephone us to ensure we have received your booking. Please note that credit cards will be debited within 7 days of your registration. Payment must be made within two weeks to ensure that discounted rate is retained. To ensure access to the event, payment must be made prior to the event. SELECT EVENT OPTIONS <ul style="display: flex;"><li style="flex:1">EARLY BIRD </li><li style="flex:1">STANDARD RATE </li></ul><ul style="display: flex;"><li style="flex:1">Register by 9 September </li><li style="flex:1">Registration </li></ul>Terms & Conditions after 9 September The conference is being organized by the Center for Financial Professionals Ltd, a limited liability company formed under English company law and registered in the UK no. 7771333. Cancellations received more than one calendar month before the event will be eligible for a refund less 15% administration fee. Cancellations must be made in writing to [email protected]. 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Ifrs 9 Impairment & Implementation

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