For one of our clients, b.fine designed the IFRS 9 process by leveraging already existing building blocks in financial institutions. By reusing the various building blocks, the IFRS 9 solution was implemented quickly within a limited budget.
The project scope consisted of these steps:
- Classification and measurement
- Stage Assessment
- Multi-scenario approach for ECL calculation
- Accounting generation
- Management reporting oriented towards IFRS 9
- IFRS 9 disclosures