AxiomSL: Preparing For The IFRS 9 Game Changer
The major challenges of implementing IFRS 9 revolve around the requirement to accommodate the perspectives of both risk and finance. Historically, these two functions have operated in isolation from one another, developing very different cultures. To grasp the uncertainties of the future, the risk world is fond of statistics, which it uses to analyze historical patterns and spot recurring behavior. In essence, it is a world based on principles rather than formal rules. In contrast, the world
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