Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 10-day trial to continue exploring with full access.

SAS helps banks comply with IFRS 9 accounting standards

GRC Announcements | December 2, 2016

Shifting regulatory compliance and financial standards create an urgent need for banks to dismantle barriers between finance and risk departments. SAS Expected Credit Loss is a new solution that’s helping them succeed.

To manage the massive amounts of required data and increasingly complex models, corporate functions that have historically analyzed and reported in their own data silos will need to come together. Working within a single, transparent and controlled SAS modeling and reporting workspace allows banks to establish processes across departments. Not only will that enable them to meet the expectations of auditors and regulators, it reduces the costs of compliance by minimizing duplication and errors.

The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) may have diverged along the path to a common accounting standard for expected credit... To get the full story, subscribe now.