5 European banks will need to consider any possible impact of this guidance on their plans for the implementation of IFRS 9. Hence, we are confident that the guidance will achieve its stated objective and contribute to a consistent implementation of the expected credit loss model across European banks.
The second day of this conference will be devoted to “traditional” central bank topics – risk management and governance. Proper risk management remains high on the agenda of central banks and is therefore the “guiding theme” of session three.