IFRS9 provisions plausibility engine
Earlier in 2018, the new methodology came into force – IFRS9. Our team has been tasked with challenging implementation of calculation engine for IFRS9 Provisions for the RBI retail risk methodology and validation department. The provisions plausibility engine is used to verify the correctness of data provided by individual banks in the RBI group. It also serves as a reference implementation in the initial phase of the entire group IFRS9 project.