The client needed to set up hedge accounting process as per the new IFRS9 requirements, replacing the rule-based approach of IAS 39.
Solytics set up a team to:
1. Liaise with the bank's IFRS9 program management team, Finance, and Risk functions to perform a holistic review and gap analysis.
2. Analyze the various risk management techniques used for hedging across the various business units.
3. Aggregate a database of hedging instruments and corresponding hedged items.
4. Compare the new instruments under IFRS9 with those not covered under IAS 39.
- Enabled comprehensive hedge accounting reporting under IFRS9 by incorporating instruments not covered in IAS 39.
- Helped the bank meet the enhanced disclosure requirements under the new IFRS9 requirements.
Case Studies
.svg)
