CRIF 100End-to-end NPL management, challenges of the new IFRS9 accounting standard and the importance of the Information Framework. These were the topics presented by CRIF experts.

Banking Union and Basel 3”, the annual event organized by Italian Banking Association (ABI) in Rome, held on June 21-22 and now in its 16th edition, confirmed the meeting’s role as a reference for risk management, capital and European supervision. Expert speakers from CRIF Credit Solutions contributed to the conference, talking in detail about some very current topics in the credit industry.

“Prevention and management of problem credit: end-to-end management and the role of the servicer”

The total amount of non performing credit in Italy exceeded 350 billion euro in 2015. Starting from this point, Giorgio Costantino, Senior Director of CRIF Credit Solutions – Management Consulting, and Alberto Sondri, Director of CRIF Servicing, presented the CRIF value proposition, ranging from the design and implementation of prevention tools to the operational management of positions undergoing collection, and the disposal of assets. In summary, an end-to-end approach based on the sustainable profitability of the credit portfolio and monitoring of regulatory complexity.

“IFRS 9, challenges and solutions: from methodology to implementation”

The new IFRS 9 accounting standard will have significant impacts on some “core” processes of the bank and on some important phases of the Credit Value Chain, particularly on credit and risk management processes and strategies, and on IT architecture. Marco Macellari, Senior Manager – Management Consulting, and Daniele Vergari, Principal of Credit Solutions – Management Consulting, illustrated the conceptual design and functional architecture for the implementation of an application solution which responds to these new accounting requirements.

“The centrality of the Information Framework in order to respond to the management and regulatory needs of CRO-CLO-CFOs”

The legislation on prudential supervision requires an increase in data quality and industrialization to avoid an increase in capital absorption. Mario Calò Carducci, Senior Manager – Product Management, and Giancarlo Montorsi, Manager of Credit Solutions – Management Consulting, explained how to identify an information framework in line with the production of the “Loan Tape” and efficient in the performance of activities by the Risk Management function.

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Source:  CRIF Flash News