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Summary
The implementation of Basel III in the EU is entering its final phase, with the Standardized Approach for Credit Risk coming into effect on 1 January 2025. One of the key elements of this new approach is the Standardized Credit Risk Assessments (SCRA) for Exposure to Banks. The SCRA is a more risk-sensitive approach to credit risk than the current Standardized Approach. It requires banks to conduct more thorough due diligence and credit risk assessments for their exposures to banking counterparties. This can have a significant impact on the risk-weighted assets and capital held against these exposures.
In this webinar, we will discuss the SCRA in detail, including:
• The changes introduced with the Basel III paragraphs CRE 20.16 - 20.32 (Bank Exposures under Standardized Approach)
• Why this matters and what challenges it poses to banks implementing Basel III
• The elements necessary to solve for this particular requirement: analytical methodology, financial data inputs, benchmarks and credit risk expertise
• A complete solution and a sample SCRA report designed by S&P Global Market Intelligence’s Credit and Risk Solutions team
Moderator
Ernest Breitschwerdt, CFA
S&P Global Market Intelligence
Head of Credit & Risk Solutions Product Specialists
Ernest is a Senior Credit Product Specialist within the EMEA Credit Product Specialist team for S&P Global Market Intelligence, which provides multi-asset class data, research and analytics to global financial market participants.
Ernest is a Senior Credit Product Specialist within the EMEA Credit Product Specialist team for S&P Global Market Intelligence, which provides multi-asset class data, research and analytics to global financial market participants. He is responsible for positioning analytical solutions for the assessment of credit risk across different asset classes, comprising expert-based – as well as quantitative approaches. Therefore, Ernest has worked extensively with corporate & investment banks, advisory & valuation professionals, insurance firms , investment managers as well as corporate & tax professionals on credit risk related projects involving efficient counterparty credit analysis, surveillance, and risk management. Prior to S&P Global Market Intelligence, Ernest worked for FactSet concentrating on multi-asset class portfolio analytics solutions. Ernest holds a Diploma in Economics from Humboldt-University, Berlin and is a CFA Charterholder.
Speakers
Antonio Rizzo
Director, Credit & Risk Solutions
Antonio Rizzo is a Director in the Credit & Risk Solution - Scorecards team with a wide coverage in Continental Europe. In his current role, Antonio leverages nearly ten years of experience as a Senior Rating Analyst at S&P Global, covering financial institutions. Previously, Antonio led equity research on the Italian and Spanish banking sectors at some of the major investment banks in London. Graduated with full marks in Economics and Management of Financial Institutions and Capital Markets from Bocconi University in Milan, Italy.
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