Case Study: a national bank in South East Asia achieves IFRS 9 compliance with S&P Global Market Intelligence

Complying with International Financial Reporting Standard (IFRS) 9

S&P Global worked with a leading South East Asian bank, a national bank in South East Asia, to help it comply with IFRS 9 by the end of 2018. The bank needed a fast, credible way to calculate expected credit losses and adjust historical probabilities of default into forward-looking point-in-time measures, but it lacked sufficient internal resources and default data for its low-default portfolios.

S&P Global Market Intelligence provided Credit Assessment Scorecards and a Credit Cycle Projection Overlay to deliver a transparent, out-of-the-box methodology for calculating credit risk and provisioning. The solution helped the bank produce both regulatory capital and IFRS 9 reporting, support low-default asset classes, and defend its judgments to regulators and auditors, while benefiting from on-site training and ongoing support.