AxiomSL, a global provider of regulatory reporting and risk management solutions, announced today that it has formed a partnership with AlgoSave, a provider of credit modelling products. As part of ...

Banco Central do Brasil’s (BACEN/BCB) adaptation of the International Accounting Standards Board’s (IASB) International Financial Reporting Standards (IFRS 9) is set to go live in January 2025.

During the second quarter, Aktia Bank Plc will implement updated models for calculating expected credit losses (ECL) in accordance with IFRS 9. Aktia expects the updated models to result in lower ...

IFRS 9 was born from the ashes of the 2008 global financial crisis, a time when accounting standards notoriously allowed banks to recognise credit losses only after "the horse had bolted". While the ...

The UK Prudential Regulation Authority (PRA) has published a Dear CFO letter to selected deposit-takers providing thematic feedback from its review of written reports from auditors of UK-headquartered ...

Insider information: Aktia Bank Plc's model based expected credit losses (ECL) are expected to decrease in the second quarter During the second quarter, Aktia Bank Plc will implement updated models ...