ECL Model
Our expertise lies in developing, implementing, and validating ECL models that are tailored to your specific portfolio characteristics and business objectives, enabling you to proactively manage credit risk and enhance the integrity of your financial statements.
Our Approach to ECL Model
Model Development and Customization: We design and develop bespoke ECL models from scratch or customize existing frameworks to precisely fit your unique business lines, risk profiles, and data availability, ensuring accuracy and relevance.
Data Preparation and Validation: Our team meticulously collects, cleanses, and validates the necessary historical and forward-looking data (e.g., probability of default, loss given default, exposure at default) essential for robust and reliable model outputs.
Scenario Analysis and Stress Testing: We incorporate various macroeconomic scenarios and conduct rigorous stress testing to assess the resilience of your portfolio under different economic conditions, providing a comprehensive view of potential credit losses.
Validation, Documentation, and Audit Support:We thoroughly validate your ECL models to ensure their accuracy, consistency, and compliance with IFRS 9. We also provide comprehensive documentation and support during audit reviews.
Why Choose White Pearl for ECL Model Services
Choosing White Pearl for your ECL needs means partnering with experts who are committed to your success.
-
Regulatory Compliance: Rest assured that your ECL models and provisioning practices are fully compliant with IFRS 9 and other relevant regulatory standards, minimizing compliance risks.
Expertise and Experience: Leverage our team of qualified financial experts and seasoned consultants who possess in-depth knowledge of credit risk modeling, accounting standards, and industry best practices.
Tailored Solutions: We understand that every business is unique. We provide customized ECL solutions that precisely align with your specific portfolio, data infrastructure, and strategic objectives.
Enhanced Risk Management: Gain a clearer, forward-looking perspective on your credit risk exposures, enabling more proactive and informed decisions for risk mitigation and capital allocation.
Improved Financial Reporting: Our accurate and transparent ECL models contribute to the integrity of your financial statements, enhancing investor confidence and stakeholder trust.
Strategic Insights: Beyond compliance, our ECL services provide valuable insights into your credit portfolio performance, supporting strategic planning, pricing decisions, and overall business growth.