CSRSA Live Webinar: Capturing Emerging and Novel Risks in Credit Provisioning (Presentation by EY)
Time: July 22, 2025: 1-2PM EDT (NOTE - THIS IS A RESCHEDULE FROM JULY 8)
Format: Live Webinar
Session Summary:
In today’s volatile macroeconomic environment, financial institutions face increasing difficulty in accurately provisioning for credit losses. Traditional model-driven approaches, while foundational, often fall short in capturing emerging and novel risks, especially during periods of economic disruption.
The implementation of IFRS 9 introduced a forward-looking framework that requires institutions to incorporate not only historical data but also current and forecasted economic conditions. However, the COVID-19 pandemic exposed critical limitations in these models, particularly their reliance on historical data that may not reflect future realities.
To address these gaps, institutions are adopting model risk mitigation techniques to enhance the robustness of their credit loss provisioning. These include in-model adjustments, post-model adjustments, and model overrides, each designed to improve responsiveness to new risk factors.
In this session, the speakers will outline leading industry practices for applying these mitigants, evaluating their effectiveness across various economic scenarios, and highlighting governance considerations essential for their implementation. This will arm participants with approaches to support a more resilient and adaptive approach to IFRS 9 provisioning, allowing their institutions to better navigate periods of uncertainty.
Presenter Profile: Shawn Sampson
Partner, Risk Consulting – EY
Shawn is a Partner in the Risk Consulting practice at EY, based in Toronto. With extensive experience advising financial institutions on credit risk management, model governance, and regulatory compliance, Shawn brings deep expertise in the design and oversight of credit risk modelling methodologies for loss provisioning frameworks under IFRS 9 and regulatory capital.
Over the past several years, Shawn has led numerous engagements focused on credit risk model development, model monitoring, rating system modernization, and aligning IFRS 9 allowance methodologies with evolving macroeconomic conditions. His recent work includes strategic advisory on post-model adjustments and frameworks to address emerging risks, as well as governance enhancements for model validation and audit readiness.
Presenter Profile: Anchor Asistin
Senior Manager, Risk Consulting – EY
Anchor is a Senior Manager specializing in quantitative risk management, with a focus on credit risk modeling, regulatory compliance, and financial reporting frameworks. Based in Toronto, Anchor has led cross-functional initiatives to enhance credit loss provisioning processes, particularly in the context of IFRS 9 implementation and model risk governance.
With a strong background in both quantitative modeling and operational execution, Anchor has supported financial institutions in developing forward-looking provisioning strategies that incorporate emerging risk factors and macroeconomic volatility. Anchor’s recent work includes evaluating IFRS 9 model risk frameworks, such as post-model adjustments and overlays, and advising on governance frameworks to ensure transparency and auditability in allowance methodologies.
Price: Free for members
