Data Consortia

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...
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IFRS 9 – Dealing with “Credit Impaired” Assets (IFRS 9 Category 3)

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...
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