Whitepapers

A Data Consortium involves a group of financial institutions coming together to pool data, on a confidential basis, to a central repository facilitated and hosted by an independent third-party (such as Risk-Enterprise Limited, “REL”). REL then coordinates and conducts data cleaning and data verification, data aggregation and advanced analysis of...Read More

Introduction and the Need for an IRB (Internal Ratings Based) Approach In simple terms, IFRS9 requires institutions to account for expected credit losses on an ongoing basis in a manner consistent with the fundamental principles of accounting. By contrast, Basel regulations are intended to ensure financial institutions have sufficient aggregate...Read More