MFRS 9: Expected credit loss models - Workshop 2020

Overview

SIDC CPE-APPROVED WORKSHOP

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Presenter:
Mr David Meow Li Hwa

The MFRS 9 would require several assets, recognised and unrecognised, to be assessment for impairment under a new credit loss assessment, namely the expected credit loss approach instead of the age-old incurred loss model. This workshop seeks to provide guidance into the implementation of the expected credit loss model.

Key topics covered:

• Overview of MFRS 9’s Expected Credit Loss approach in asset impairment
• Probability of default
• Credit Exposure Measurements (EAD and LGD)
• Evaluating a credit risk model

Objectives

• Explain the new requirements for asset impairment as per the MFRS 9
• Discuss the various forward-looking expected credit loss models (ECL)
• Explain the measurement of probability of default (PD), exposure at default (EAD) and the loss given at default (LGD)
• Discuss the model validation approaches to ensure the robustness of the ECL

All our workshops are available via in-house training.

Audience

Financial reporting accountants, auditors, regulators, financial risk managers, and finance managers, CMSRL holders and ERPs.