IFRS 9 Masterclass: Expert Challenges, Overlays and Regulatory Reviews

Even mature IFRS 9 frameworks face challenges that cannot be solved through modelling alone. Economic uncertainty, emerging risks, limited data, regulatory scrutiny and model limitations often require institutions to rely on expert judgement, overlays and robust governance processes.

This masterclass explores the most complex aspects of IFRS 9 implementation, focusing on situations where standard methodologies reach their limits. Participants will analyse real-world challenges related to overlays, model adjustments, regulatory findings, validation disputes, economic shocks and model governance.

Built around practical case studies and industry experience, the programme is designed for senior professionals responsible for defending, challenging and governing IFRS 9 frameworks in high-stakes environments.

Agenda highlights

• Lessons Learned from IFRS 9 Implementation: Common industry challenges, Regulatory observations and trends, Model risk considerations
• Management Overlays and Expert Judgement: When models are insufficient, Overlay design principles, Governance and documentation requirements
• Regulatory Reviews and Supervisory Expectations: Findings from supervisory reviews, Audit observations, Best practices for remediation
• Advanced Validation and Challenge Frameworks: Challenging assumptions and methodologies, Benchmarking and alternative approaches, Dealing with model uncertainty
• Low-Default Portfolios and Data Limitations: Expert judgement frameworks, Proxy methodologies, Practical implementation considerations
• Emerging Risks and Macroeconomic Uncertainty: Forward-looking adjustments, Stress environments, Model adaptability and resilience
• Expert Case Studies: Overlay decisions during economic shocks, Regulatory challenge workshops, Governance simulation exercises

Training formula

Practical takeaways:

By the end of this course, participants will be able to:

• Assess when management overlays and expert judgement are appropriate.
• Challenge complex IFRS 9 modelling assumptions and methodological decisions.
• Evaluate regulatory findings and identify potential remediation actions.
• Design robust governance frameworks for overlays and model adjustments.
• Defend modelling decisions before auditors, validators and supervisors.
• Apply industry good practices to complex and emerging IFRS 9 challenges.

Participants will gain practical expertise that can be immediately applied to:

• Regulatory examinations and supervisory reviews
• Model governance committees
• Audit and validation engagements
• Management overlay frameworks
• Remediation programmes
• Strategic IFRS 9 methodology decisions
• Model risk management initiatives

Target audience

This course is designed for experienced credit risk professionals involved in the development, validation, monitoring or governance of IFRS 9 models.

Explore the full programme

For a detailed training specification contact us at contact@perseinstitute.com.

The Perse Learning Experience

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