What does the PRA consumer credit review mean for lenders?
IFRS 9 implementation: Is your data ready?
Join us this summer at Europe's premier credit scoring conference
18 July 2017
We are delighted to have been asked to present at this year’s Credit Scoring and Credit Control conference in Edinburgh. Join us to hear about Artificial Intelligence in Credit Scoring, the impact of recent regulatory changes on IRB models and lessons learned from IFRS 9.
The annual credit conference, held in Edinburgh, is taking place from 30th August-1st September and is an event that is worthy of getting in your diary.
Bringing together around 400 delegates from over 40 countries, this large-scale event covers everything from current industry issues to the latest innovations in credit risk modelling. It is the perfect forum to debate theory and practice so we will be taking to the stage to discuss:
Artificial Intelligence in Credit Scoring
While AI isn’t new to banking, the latest machine learning techniques are a significant step forward, decisions can be made faster and more accurately than was possible in the past. Machine learning has advanced rapidly over the last ten years, and there are now more flexible and cost-effective solutions that lenders can implement, but will it become the norm in banking and finance?
Innovation has always been a priority for financial services organisations, but today – with rising pressures bought by new competitors, increased regulation, demands for transparency and heightened customer expectations – it is absolutely critical to success. While many lenders already have the data to address these new challenges, they are unable to build models in real-time and analyse insights on demand.
In this talk, we look in to how AI can help with credit scoring and fraud detection models and compare performance to traditional techniques on a real-world dataset.
Recent changes in IRB regulation and their impact on modelling
Some recent changes in regulation will impact the models that calculate capital requirements under the advanced Internal Ratings Based (IRB) approach.
This presentation considers some recent PRA and EBA regulations, such as CP29/16, EBA/CP/2017/02 and CP5/17, and discusses the purpose and rationale behind these changes.
We will also explore the new modelling requirements to achieve compliance, and some of the potential modelling approaches are examined.
Lessons learned from IFRS 9
This year is a crucial make or break time for IFRS 9 implementation. While some of the larger banks are in parallel run phase, many lenders are still lagging behind with their development.
It is imperative that the many risks, challenges and issues encountered throughout the IFRS 9 journey, together with the analysis and conclusions, are fully understood and documented. This will enable your firm to benefit from the lessons learnt and apply them within an IFRS 9 re-development or for that matter any future regulatory programme.
We will run through the key lessons learnt from our work supporting fifteen lenders on their IFRS 9 programmes. The presentation separates the lessons learnt in each distinct phase of the programme, including those specifically within the modelling and then focuses on further lessons across the key requirements of a compliant IFRS 9 framework.
This session is for any practitioner who is interested in learning about IFRS 9 best practice – whatever stage they are at with implementation.
To register for the conference, click here.
If you have already booked or are planning on attending, please let us know by emailing [email protected]. We have planned an evening of comedy followed by a meal and would love it if you could join us.