Challenges in Implementing IFRS 9 and Policy Recommendations for Supervisors
About this learning event
The IFRS 9 was issued to strengthen accounting recognition of loan-loss provisions by incorporating a broader range of credit information. The workshop will focus on the challenges that bank supervisors face while providing guidance to banks during the transition and implementation of IFRS 9. We will address policy recommendations for their efficient guidance and mitigation of IFRS 9 impacts on banks. We will also explore how to raise awareness with banks’ boards and senior management, strengthen cooperation between accounting standard setters as prudential supervisors, increase supervisors’ power to regulate and issue accounting rules, and improve data availability, quality and adequacy. Moreover, we will learn how accounting data can lead to an appropriate and comprehensive measurement of expected credit losses (ECL), and what skills, models, and analytical tools supervisors need. We will also address the linkage between Covid-19 measures and IFRS 9 through different country cases.
Officials of supervisory authorities and supervision departments of central banks; representatives of banking regulation
This learning initiative is supported by: