Semi-annual conferences and regional meetings give members the opportunity to “talk shop”, compare notes, and share ideas.
Research projects provide insight into specific aspects of CPM. The IACPM is uniquely positioned to sponsor studies that allow member firms to confidentially benchmark their practices against peers. Current and recent studies include: Climate Risk Awareness, including integration of climate risk considerations into credit risk and opportunity assessments, Counterparty CVA with focus on evolving organizational structures around CVA desks, a study on the New Accounting Standards for Credit Loss Allowances, IFRS 9/ CECL, with focus on strategic and business implications, and a study on Financial Resource Management for CPM, focusing on managing the multiple and sometime conflicting regulatory and return constraints on the firm and in CPM practices.
The IACPM conducts confidential surveys to allow members to assess opinions and practices across the industry on a wide variety of topics including Concentrations and Limits Frameworks, Leveraged Lending and Basel III Parameter Benchmarking, as well as a biennial survey on Principles and Practices in CPM and quarterly surveys on Credit Outlook.
The IACPM represents its members before regulatory and administrative bodies globally. We meet regularly with the Basel Committee; the Fed and OCC (US), OSFI (Canada), PRA (UK), EBA (Europe), Bank of Japan and FSA (Japan), APRA (Australia), and have also met with rule making bodies such as FASB and IASB. Ongoing work is being done by IACPM’s Regulatory Committee on a number of issues, including the Basel Committee’s Revisions to the Standardized Approach for Credit Risk and floors, non-Payment Corporate Credit Insurance, Risk Sharing Transactions and CECL. The committee meets once a month to discuss topical global regulatory updates.
Development of Market Practice
The IACPM provides a forum for developing important market and standard practices for the industry. Examples include the IACPM Sound Practices in Credit Portfolio Management, which continues to be a benchmark for assessing CPM units for practitioners and regulators alike, and the Guidelines for the Handling of Material Non-public Information in CPM, which has served as the foundation for MNPI compliance processes in many institutions.
IACPM Weekly SmartBrief
This email news briefing collects and summarizes essential news for credit portfolio managers. A 90-second scan of the IACPM Weekly SmartBrief provides an overview of news from the past week relevant to CPM, with click-through links to original sources.
Website and Member Directory
The members’ only portion of our website provides password-protected access to reports, semi-annual conference presentations and results of surveys. Members can also access a membership directory which was added to facilitate communication among members.