Multinational Bank Gets Ready for IFRS 9 Impairment Regulations

In an effort to prevent another financial crisis, several regulations have been implemented over the past few years that require banks to operate with more transparency. This large multinational bank faced the significant challenge of developing new models required for compliance with IFRS 9 Impairment standards. The bank turned to FICO to interpret the intricacies of the new regulations and to develop predictive models that predict losses over the lifetime of an account.