On 14 September 2017, the workshop on the implementation of IFRS 9 and Capital Quality Review was held and presented by the audit firm CEO Horvat from Belgrade. The workshop highlighted operational approach of the implementation. All banks started the process that needs to be implemented on 1 January 2018, whereby this workshop was the opportunity for them to confirm the accuracy of the approach through the interaction with the experts that implemented IFRS 9 in Austrian banks. The process consists of modelling, risk management, consistency and data recording, the manner of data treatment, in order to meet the expectations of regulators, audit firms, banks’ owners and management. In addition, the model should be adequate to the size and characteristics of individual banks. The workshop also discussed the prudential classification and implementation of indicators on PD, LGD and CCF. During the implementation of this approach, it should be taken into consideration that large numbers are relevant for the statistics; the implementation of the standard started from 2014 compared with regard to the size of the banks; our system is small; the 2017 crisis and the investment banking (non-developed in our market), as global triggers for implementation of new standards
