InteDelta announces partnership with Risk Enterprise

IFRS 9 requires banks to account for expected credit losses on their financial assets. To perform this calculation banks need to model the Probability of Default (PD) and Loss Given Default (LGD) for their borrowers and counterparties. Similar PD and LGD models are required for banks wishing to obtain the Advanced Internal Rating Based (A-IRB) status under Basel II. 

InteDelta and Risk Enterprise provide banks with the necessary advisory and modelling capabilities to meet IFRS 9 and A-IRB requirements. The Risk Enterprise CRM platform is a cost-effective tool targeted at small and medium sized banks which do not have the resources and data to develop their own rating models. The platform can also be used by larger banks to benchmark their internal models. 

The CRM platform enables users to enter data on each borrower or counterparty to instantly obtain the PD and LGD. The platform comes with pre-calculated parameters, for example for country and industry risks, meaning that users do not have to perform their own calibrations. Risk Enterprise are currently offering a free trial of their platform. For more information on the CRM application please see www.risk-enterprise.com

If you would like to discuss how InteDelta and Risk Enterprise can help you with your rating models please contact Michael Bryant at michael.bryant@intedelta.co.uk or on +44 20 7887 2204 or Bayan Uralbayeva at bayan.uralbayeva@risk-enterprise.com