IFRS 9 adopts a principles-based approach to classification of financial assets and liabilities based on business models and cash flow. The standard also provides for a single impairment model to facilitate the recognition of expected credit losses. This new model also overhauls hedge accounting policies, which align accounting treatment with risk management activities, enablin...
READArguably one of the most significant challenges around IFRS 9 implementation is the volume and depth of data required, not to mention the analysis of that data. New research reveals the data gaps that many financial institutions are struggling to plug in advance of the January 2018 deadline. IFRS 9 carries a much larger data requirement than its predecessor, IAS 39. One of thes...
READWith the effective date just around the corner, new research conducted by Regulation Asia, in partnership with S&P Global Market Intelligence, provides a unique insight into the preparedness of firms. The research also highlights where firms are currently falling short in their implementation efforts. In July 2017, the European Banking Authority released its second impact asses...
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