DBS is ready for IFRS 9 with the introduction of the Z-Risk Engine

Singapore-based DBS uses Aguais and Associates (AAA )’s Z-Risk Engine (ZRE) to generate future credit losses from the bank’s wholesale loan portfolio as it meets the upcoming requirements of IFRS 9.

According to the AAA, the new financial regulations, effective January 1, 2018, require banks and other lenders to take a regular, predictive point-in-time (PIT) view of credit quality and identify potential credit impairments before a loss event …

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