Perspectives

Episode 17: COVID-19, IFRS9 and how banks are managing the crisis

Regulated Radio podcasts

Banks will face enormous challenges managing the economic fallout of the COVID-19 crisis. The role of IFRS9 in determining the amount of loan losses banks have to provision for has received a lot of attention since the pandemic took hold. We invited two of Deloitte’s leading banking experts, Mark Rhys and Ian Wilson, on the show to help us better understand the sector’s recent performance and what we can expect banks and regulators to do in the coming months as the crisis evolves.

Key questions:

  • What are the most significant challenges that banks are facing in the COVID-19 crisis?
  • What is IFRS9, how does it work, and why is it receiving so much attention now?
  • How do forecasts about the economy’s performance in the downturn change the way banks anticipate losses?
  • What are some of the most important measures regulators have taken to stabilise the sector?
  • How should banks be preparing for the end of extraordinary government support programmes?

Speakers

Ian Wilson
Partner
Head of Financial Risk Measurement, Risk Advisory

Ian is a partner within Deloitte’s financial services risk advisory group specialising in quantitative credit risk measurement, for retail and investment banks.

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Mark Rhys
Partner
Global IFRS for Banking Co-Leader, Audit & Assurance

Mark has spent thirty years auditing banking and capital market clients. His experience encompasses retail, commercial and investment banking, securitisation, stock broking, derivatives structuring and commodity trading.

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Scott Martin
Senior Manager
EMEA Centre for Regulatory Strategy

Scott is a Senior Manager in the Centre for Regulatory Strategy advising on international banking regulation, with a particular focus on bank capital, strategy, cyber risk and public policy-making processes.

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Transcript

Click here for the latest insights to help organisations manage and mitigate the risk associated with COVID-19.

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