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The new bank provisioning standards: implementation challenges and financial stability implications.
18 – 19 October 2018
Madrid
Information
Banco de España, in cooperation with the Financial Stability Institute (BIS) and CEMFI will celebrate a high-level conference on The new bank provisioning standards: Implementation challenges and financial stability implications. This conference is to be held in Madrid at the Banco de España´s headquarters, on 18 and 19 October 2018. The conference has been designed in terms of the introduction, implementation and consequences of the application of the new provisioning standards. All key player affected will present their views in the conference. The expected credit losses model (IFRS 9) under IAS and the current expected credit losses (CECL) under US GAAP constitute new references for banks to determine the way provisions for credit risk losses will be calculated. The conference is organized in five panels, which will be devoted to the evolution from the incurred loss to the expected credit loss paradigm, modelling challenges, implementation issues and implications for financial stability, regulation and supervision.
Presentations
- 18 October 2018
- 09.00
- Registration
- 09.30
- Panel 1: The Standards - Evolution from incurred losses to expected losses
- 10.00
- Chair of the Panel: Fernando Restoy, Chair, Financial Stability Institute, Bank for International Settlements
Speakers:
- Anne Beatty, Professor, Ohio State University. Evolution from Incurred Losses to Expected Losses.
(377 KB) - Amaro Gomes, Board Member, International Accounting Standards Board. IFRS 9 Financial Instruments: The Expected Loss Model. (450 KB)
- Dina M. Maher, Vice-President, Federal Reserve Bank of New York. Evolution from incurred to expected losses. (586 KB)
- Anne Beatty, Professor, Ohio State University. Evolution from Incurred Losses to Expected Losses.
- Panel 2: Expected credit loss approach – Modelling challenges
- 12.00
- Chair of the Panel: Rafael Repullo, Director, CEMFI
Speakers:
- Juan Carlos García Céspedes, Capital Measurement Director, BBVA. The new bank provisioning standards: Implementation challenges and financial stability implications. Juan Carlos García Céspedes. (544 KB)
- Stephen G. Ryan, Professor, New York University, Stern School of Business. Expected Credit Loss Approach – Modeling Challenges. (76 KB)
- Manuele Iorio, Director, Price Waterhouse Coopers. The new bank provisioning standards. (356 KB)
- Juan Carlos García Céspedes, Capital Measurement Director, BBVA. The new bank provisioning standards: Implementation challenges and financial stability implications. Juan Carlos García Céspedes.
- Panel 3: Implementation issues - Model complexity and supervisory capacity
- 15.00
- Chair of the Panel: José María Roldán, Chairman & CEO of the Spanish Banking Association
Speakers:
- Adam Farkas, Executive Director, European Banking Authority. The new bank provisioning standards: Implementation challenges and financial stability implications. Adam Farkas (1 MB)
- Manuel Pérez de Castro, Risk Management Director, Banco Santander. Implementation issues: Model complexity and supervisory capacity. (1 MB)
- Raihan Zamil, Senior Advisor, Financial Stability Institute, Bank for International Settlements. The new bank provisioning standards: Implementation challenges and financial stability implications. Raihan Zamil (942 KB)
- Adam Farkas, Executive Director, European Banking Authority. The new bank provisioning standards: Implementation challenges and financial stability implications. Adam Farkas
- 19 October 2018
- Keynote speech
- 09.00
- Panel 4: The time dimension of bank provisions - Financial stability and pro-cyclicality
- 09.30
- Chair of the Panel: Jesús Saurina, Director General of Financial Stability, Regulation and Resolution, Banco de España
Speakers:
- Claudio Borio, Head of the Monetary and Economic Department, Bank for International Settlements. New loan provisioning standards and procyclicality.
- Pablo Pérez, Financial Stability Board Secretariat. Underwriting, expected credit loss recognition and procyclicality. (381 KB)
- Javier Suárez, Professor of Finance, CEMFI. The time dimension of bank provisions - Financial stability and pro-cyclicality. (135 KB)
- Claudio Borio, Head of the Monetary and Economic Department, Bank for International Settlements. New loan provisioning standards and procyclicality.
- Panel 5: Implications for capital requirements, enforcement and disclosure
- 11.30
- Chair of the Panel: Ana María Martínez-Pina, Vice-President of the Spanish Stock Exchange Commission (Comisión Nacional del Mercado de Valores – CNMV)
Speakers:
- Germán López Espinosa, Professor, Universidad de Navarra. The new bank provisioning standards: Implementation challenges and financial stability implications. (1 MB)
- Alison Scott, Head of Prudential Policy Strategy and Implementation, Bank of England
- Fernando Vargas, Chair of the Accounting Experts Group – Basel Committee on Banking Supervision. IFRS9 Implementation and the impact on capital requirements. (276 KB)
- Germán López Espinosa, Professor, Universidad de Navarra. The new bank provisioning standards: Implementation challenges and financial stability implications.