FOR the second straight year, Moody’s Analytics has won the Risk Technology Awards for IFRS 9 – Enterprise Solution of the Year and IFRS 9 – ECL Modelling Solution of the Year. The two IFRS 9 awards bring the Moody’s Analytics tally to seven in the 2020 Risk Technology Awards programme.
The complexity introduced into financial reporting by the IFRS 9 accounting standard has proven to be a major challenge. Measuring and reporting on the future performance of credit portfolios has introduced new data, analytics, and financial processes.
Moody’s Analytics solutions for IFRS 9 are modular and flexible, to help institutions of any size meet the standard while strengthening their risk management and decision-making processes.
The ImpairmentStudio for IFRS 9 platform is central to our IFRS 9 offering. This cloud-based software lets customers automate their impairment analysis while managing and monitoring their expected credit losses efficiently. The solution encompasses our award-winning economic forecasts, scenarios, data, and models.
“We’re honored to win these two awards again,” said Cris deRitis, Deputy Chief Economist at Moody’s Analytics.
“The upheaval caused by COVID-19 reminds us that the expected credit losses that must be calculated for IFRS 9 can change quickly and dramatically, given the varying paths the economy can take. It also underscores the importance of using flexible impairment tools with credible forecasts for effective risk management. These awards are a testament to our market-leading capabilities.”
The Risk Technology Awards recognize outstanding vendors helping the industry in the fields of ALM, credit, operational risk, and enterprise risk management.
This win adds to the growing list of awards and industry accolades for Moody’s Analytics.
– Aug. 5, 2020 @ 13:55 GMT |