The IACPM is a non-profit organization dedicated to advancing the practice of credit portfolio management.
Knowledge Sharing. Semi-annual conferences and informal regional meetings give members the opportunity to “talk shop”, compare notes, and share ideas.
Research. 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. Recent studies have included: a study on Financial Resource Management for CPM, focusing on managing the multiple and sometime conflicting regulatory and return contraints on the firm and in CPM practices; a study on the Evolving Role of CPM within the Enterprise;a benchmarking study on Risk Appetite Framework, focusing on how enterprise level risk appetite statements are cascaded down to business level decisions and; a benchmarking study on Model Risk Management, focusing on scope and governance of the process.
Member Surveys. The IACPM conducts confidential surveys to allow members to assess opinions and practices across the industry on a wide variety of topics including Leveraged Lending, Risk Rating Methodology (PDs/LGDs), and Basel III Parameter Benchmarking, as well as a bi-annual survey on Principles and Practices in CPM and quarterly surveys on Credit Outlook.
Advocacy. 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. Recent IACPM comment letters have addressed Standardized Capital Approaches and Floors, quantitative impact of Basel III Capital and Liquidity requirements; IFRS 9 Hedge Accounting standards, the new Securitisation framework, and SEC Rule 127B (Conflicts of Interest in Securitizations). 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, Reducing Variation in Credit Risk0Weighted Assets, the US. Implementation of the liquidity coveratge ration (LCR), and the IASB’s credit loss reserving rules.
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 (www.iacpm.org) provides password-protected access to reports, semi-annual conference presentations and results of surveys. Recently, we added a membership directory to facilitate communication among members.
As the IACPM is a non-profit association, membership and conference fees are kept at a minimum for our members. The Board of Directors of the IACPM votes to accept applications of new member firms.