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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.
S&P Global Market Intelligence
Metin Epozdemir, CFA, FRM
S&P Global Market Intelligence
Senior Director, Analytical Services
Metin is a Senior Director in Analytical Services team responsible from leading engagements in Europe and North America. He has more than 17 years’ experience in designing and delivering solutions in the credit risk analytics space. Metin focuses on financial services regulations and industry best practices across credit risk, stress testing, model risk, and climate risk. Prior to his current role, Metin held positions in which he supported solution development to meet challenges of stress testing, capital planning, and IFRS 9.
Prior to moving to risk analytics space, Metin held analytical roles within credit risk and treasury areas of Ford Credit Europe. In addition to his analytical responsibilities, he advised an internal project team in the development of a new credit risk evaluation and scoring system. Metin holds a BSc in Mechanical Engineering from Boğaziçi University in Istanbul, is a CFA charter holder, and holds the Financial Risk Manager (FRM) and Sustainability and Climate Risk (SCR) certifications from Global Association of Risk Professionals (GARP).
Speakers
Antonio Rizzo
Director, Credit & Risk Solutions
Antonio Rizzo currently serves as Director in the Credit Risk Solutions team responsible for Southern Europe at S&P Global Market Intelligence.
Antonio Rizzo currently serves as Director in the Credit Risk Solutions team responsible for Southern Europe at S&P Global Market Intelligence. Antonio counts with a decade of experience as a Senior Analyst at S&P Global Ratings, where he coordinated and finalized the credit rating process for numerous financial institutions in both Northern and Southern Europe. Previously, Antonio led equity research on the Italian banking sector at some of the leading investment banks in London. He graduated with honors in Economics and Management of Financial Institutions and Markets from Bocconi University in Milan.
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