In the News

IFRS 9 Loan Loss Reporting Platform includes COVID-19 modelling impacts

Twitter Icon Facebook Icon LinkedIn Icon Print Icon Email Share Icon
Central 1 logo

With the evolving situation around COVID-19, Central 1 is well-positioned to support you in meeting your reporting and analytical needs for IFRS 9. 

 Central 1’s IFRS 9 Platform is a loan loss model that provides modelling capabilities in addition to pre-formatted and populated reports to support your regulatory and financial statement disclosures.  

 Our model updates economic parameters and incorporates expertise from our economics team, including commentary and forecasts. This enables you to calibrate and prepare for potential impacts to your IFRS 9 expected credit loss provision as the situation evolves.  

 Our platform can: 

  • Apply various adjustments to forward looking indicators and other relevant assumptions, and gauge the direct impact to entire loan portfolios. 
  • Quickly analyze the impact of a change in assumptions at the individual loan level by using drill downs and filtering. 

 If your product, credit risk and/or financial reporting teams are considering any adjustments, or would like to use the platform to test various economic or product-level scenarios, we encourage you to contact the IFRS 9 team for further information. 

 Please know that Central 1 is here to help. While that help might come through a virtual meeting, email, or phone call, we are ready to support you.