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Business cases

IFRS Impact Study

Objectives and Context

A major banking Group that operates through its networks as well as through specialized offices

In a regulatory environment that’s undergoing significant changes, we are helping the Group Accounting and Regulatory Standards Department analyze the accounting and regulatory consequences of different projects the Group has launched in response to these new requirements

Our mission

Analyzing the accounting and regulatory consequences of operations projects planned by the Group:

  • Creating a shared fund for internally securitizing residential mortgages for a nominal price of several tens of billions of euros
  • Creating an Investment Company among the main French banks to make it easier to mobilize bank claims on companies as securities
  • Imposing a “Leverage Ratio” based on regulation CRR-CRD4 dated June 2013 and its upcoming amendment that integrates the new requirements of the January 2014 BCBS text

Writing accounting and regulatory analysis reports

Representing the Group Accounting and Regulatory Standards Department on project committees along with:

  • Pilot offices, the finance department and project management to better adapt Group IS so that they can handle the new securitization operations
  • Other divisions in the finance division, the business line, and the specialized offices for “Leverage Ratio” consequences

Simulating the impacts on individual and consolidated accounts

Results

Our work allowed the Group Accounting and Regulatory Standards Department to increase its ability to handle an increasing number of new projects while maintaining a highly demanding level of quality for its analyses