Post crisis, almost every aspect of how banks operate and the rewards they receive have changed in ways we are only beginning to understand. Whilst we may not be able to predict what the future holds, our team can ensure the decisions you need to make are robust and deliver lasting results to you and your stakeholders.
A sector confronting new challenges:
- New obligations with regards production of information and risk maintenance; Basilea II,
- Evolving Accounting references, new methodology of consolidated accounts, IAS/IFRS norms, US GAAP norms
The answers of a specialised department that bases itself around the following environments:
- Controlling the risks: (Basilea II), strategic diagnostics and impact study, project piloting, definition of model and of risks, ALM, validation of established models, back-testing,
- Banking experience: support to consolidation teams, assistance in the piloting of accounts projects, acceleration in the terms for completing Audit reports, reporting tools,
- IAS/IFRS Norms: diagnostics and impact study of application of IFRS norms, preparation and assistance in transition to IAS/IFRS norms, validation of opening balances, accounting objectives and financial information.
A team of professionals based on:
- Long term experience in banking: large banking networks, cooperative bank networks, activity of specific financing,
- Experience in issuing institutions, in central banks and in public establishments.
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Breogán Porta Partner - Madrid
Quantified impacts of IFRS 9: initial findings
At the end of February 2018, all the major European banks published information on the impact of the implementation of the new standard IFRS 9. IFRS 9 introduces numerous changes (classification, impairment, hedging, etc.). Their impacts at the transition date vary widely from one bank to another. They are negative in most cases, but for some banks are virtually nil or even positive. The indicators used are also variable: though the impact on the CET1 ratio is a firm common indicator, the level of further detail reported varies significantly from one institution to another.