Question 1

What does the IFRS 9 ECL Modelling Workshop in New York cover?

Accepted Answer

Shasat's IFRS 9 Expected Credit Loss ECL Modelling Workshop in New York covers the complete ECL impairment modelling lifecycle including the three-stage ECL model Stage 1 Stage 2 Stage 3, significant increase in credit risk SICR assessment, PD LGD EAD modelling, macro-economic scenario design and forward-looking information for the US economy, post-model adjustments and management overlays, ECL for loans trade receivables guarantees lease receivables and loan commitments, simplified approach for trade receivables, POCI assets, IASB post-implementation review PIR findings, Basel III and Basel IV regulatory capital interaction, comprehensive comparison of IFRS 9 versus CECL ASC 326, IFRS 7 disclosure requirements, and ECL model validation and governance aligned with Federal Reserve SR 11-7 model risk management guidance. CPD and CPE accredited.

Question 2

Why is New York City the ideal location for IFRS 9 ECL training for US finance professionals?

Accepted Answer

New York City is the world's foremost financial centre and the primary hub for IFRS reporting financial institutions in the United States. The majority of foreign private issuers filing IFRS financial statements with the SEC are headquartered or have major offices in New York. International investment banks, commercial banks, asset managers, insurance companies, and professional services firms applying IFRS 9 ECL across the US are concentrated in New York City. Additionally New York is easily accessible by direct flight from Boston, Chicago, San Francisco, Los Angeles, Houston, Dallas, Atlanta, Charlotte, Washington DC, Philadelphia, Seattle, Denver, and all major US financial centres making it the most practical in-person training location for US-based IFRS 9 professionals.

Question 3

Is this IFRS 9 ECL course relevant for US financial institutions?

Accepted Answer

Yes. While the United States primarily uses US GAAP CECL ASC 326 for domestic banks, a significant number of US financial institutions apply IFRS 9 including foreign private issuers filing IFRS with the SEC, US subsidiaries of European and Asian IFRS-reporting multinational banks, US branches and agencies of foreign banks, international investment banks operating in the US, and US-based asset managers and insurance companies with IFRS reporting obligations. Additionally many US financial professionals need to understand IFRS 9 ECL to audit advise or work with IFRS-reporting counterparties clients and subsidiaries globally. This course is the most technically comprehensive IFRS 9 ECL programme available in the United States.

Question 4

How does IFRS 9 ECL compare to CECL ASC 326 — the key differences for US professionals?

Accepted Answer

IFRS 9 ECL and CECL ASC 326 are both forward-looking credit loss models but differ in five key ways. First CECL requires lifetime expected losses on all financial assets from day one. IFRS 9 uses Stage 1 twelve-month ECL for performing assets and lifetime ECL only for Stage 2 and Stage 3. Second CECL has no SICR staging framework while IFRS 9 requires explicit assessment of significant increase in credit risk. Third CECL allows more flexibility in methodology including discounted cash flow, loss rate, probability of default, and vintage analysis approaches. Fourth the regulatory capital interaction differs under US Basel rules versus international Basel implementation. Fifth CECL applies to US GAAP reporters while IFRS 9 applies to IFRS reporters. This course is the only IFRS 9 ECL training in New York that provides a comprehensive side-by-side comparison of both models with worked examples relevant for dual US GAAP and IFRS reporters.

Question 5

What are the Federal Reserve and OCC model risk management expectations for IFRS 9 ECL models?

Accepted Answer

The Federal Reserve and OCC model risk management guidance SR 11-7 applies to IFRS 9 ECL models used by Federal Reserve regulated and OCC regulated financial institutions. Key expectations include comprehensive model documentation covering model purpose scope assumptions data and limitations, rigorous model validation by an independent function, ongoing model performance monitoring and back-testing, governance framework with clear model ownership and approval processes, and regular model review cycles. The NYDFS New York Department of Financial Services also has specific expectations for IFRS 9 ECL models used by New York-chartered institutions. This course covers US regulatory model risk management expectations alongside IASB requirements ensuring participants can design and govern ECL models that meet both international accounting standards and US regulatory expectations.

Question 6

Is this IFRS 9 ECL course suitable for non-financial companies in the United States?

Accepted Answer

Yes. IFRS 9 applies to any US entity holding financial instruments including trade receivables, intercompany loans, and financial guarantee contracts. US subsidiaries of IFRS-reporting multinationals, foreign private issuers, and US companies that have adopted IFRS must apply the ECL model to their financial instruments. Corporate treasury teams, CFOs and finance directors of manufacturing, retail, technology, energy, and pharmaceutical companies with significant trade receivables or intercompany loan portfolios will find this course directly relevant. The simplified approach for trade receivables and ECL for corporate credit portfolios are specifically covered with US-market worked examples.

Question 7

Does this course cover the IASB post-implementation review PIR of IFRS 9 impairment?

Accepted Answer

Yes. This course incorporates the latest findings from the IASB post-implementation review PIR of the IFRS 9 impairment requirements. The PIR focuses on four key areas — recognition of expected credit losses, assessment of significant increase in credit risk SICR, ECL measurement methodologies including the use of forward-looking information, and disclosure and transparency requirements under IFRS 7. The PIR findings are directly relevant for US-based financial institutions applying IFRS 9 as they signal potential standard amendments that will affect ECL model design governance and disclosure. This course is the only IFRS 9 ECL training in New York that specifically addresses PIR implications for US-based IFRS reporters.

Question 8

Is this IFRS 9 ECL course relevant for asset managers and investment firms in New York?

Accepted Answer

Yes. Asset managers hedge funds private equity firms and investment management companies in New York applying IFRS 9 must address ECL impairment for debt instruments at amortised cost and FVOCI, loans and advances, and other financial assets in their portfolios. Key topics relevant for investment firms include ECL for debt securities, collective assessment of portfolios, impairment indicators for credit-impaired investments, FVOCI debt instrument impairment recycling, and IFRS 7 disclosure requirements for investment portfolios. This course is the only IFRS 9 ECL training in New York that specifically addresses asset management and investment firm ECL applications alongside the traditional banking focus.

Question 9

Does this course cover climate risk integration into IFRS 9 ECL models?

Accepted Answer

Yes. Climate risk integration into IFRS 9 ECL models is a rapidly emerging area addressed in this course. Key topics include incorporating physical climate risks such as flood drought and extreme weather events into PD and LGD assumptions, transition climate risks such as carbon pricing and stranded assets into macro-economic scenarios, aligning IFRS 9 climate scenarios with TCFD recommendations and NGFS scenarios, climate-adjusted sector-specific PD curves for high-carbon industries, and US regulatory expectations from the Federal Reserve and OCC on climate risk in credit risk models. This is the only IFRS 9 ECL training in New York that specifically addresses climate risk integration into ECL models aligned with both IASB requirements and US regulatory expectations.

Question 10

Can this IFRS 9 ECL Modelling Workshop be delivered in-house across the United States?

Accepted Answer

Yes. Shasat delivers this IFRS 9 ECL Modelling Workshop as a bespoke in-house programme for financial institutions and organisations across the United States including New York City, Boston, Chicago, San Francisco, Los Angeles, Houston, Dallas, Atlanta, Charlotte, Washington DC, Philadelphia, Seattle, Denver, Minneapolis, Miami, and all major US financial centres. In-house delivery can be tailored to your institution's specific portfolio — commercial real estate, retail banking, corporate lending, auto finance, credit cards, mortgage — your ECL model approach, your regulatory environment, and your Federal Reserve OCC or FDIC supervisory context. Contact info@shasat.com to discuss.

Question 11

Which professional bodies recognise the CPD accreditation from this New York course?

Accepted Answer

Shasat's IFRS 9 ECL Modelling Workshop in New York is CPD and CPE accredited and recognised by ACCA, CIMA, ICAEW, AICPA, CPA Canada, CFA Institute, GARP Global Association of Risk Professionals, and PRMIA Professional Risk Managers International Association. The GARP and PRMIA accreditations are particularly valuable for risk management professionals in New York seeking FRM and PRM continuing education credits alongside IFRS 9 ECL technical training.

Question 12

What other IFRS 9 ECL modelling courses does Shasat offer globally?

Accepted Answer

In addition to New York Shasat offers IFRS 9 ECL modelling training in London, Zurich, Dubai, Singapore, Toronto, Cape Town, Bermuda, Sao Paulo, Sydney, Miami, Lima, Doha, and Rio de Janeiro. The Miami programme specifically serves Latin American and Caribbean finance professionals. All programmes cover the complete IFRS 9 ECL modelling lifecycle including IASB post-implementation review PIR findings and the IFRS 9 versus CECL ASC 326 comparison. Shasat also offers IFRS 9 ECL implementation consulting services through the Global IFRS Desk. Visit shasat.co.uk for the complete programme catalogue.

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