Rethinking IFRS 9 Through a Risk First Mindset | Jakob Lavröd, Handelsbanken

In this insightful Risk Leaders Connect episode, Jakob Lavrod, a seasoned risk professional from Handelsbanken, explores the evolution, practical challenges, and philosophical underpinnings of IFRS 9.

Tracing historical lessons from Swedish banking to present-day expectations, the speaker advocates for a shift from box-ticking compliance to deeply embedded risk thinking. He discusses the limitations of relying solely on 12-month probability models and makes a strong case for a lifetime, survival-model-based approach to Expected Credit Loss (ECL) estimation that places risk management—not regulation—at the center of banking strategy.