IASB Chairman speaks on IFRS 9

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Sep 15, 2015

On September 15, 2015, the International Accounting Standards Board (IASB) Chairman Hans Hoogervorst discussed IFRS 9 impairment requirements at the Financial Institutions IFRS Conference.

In his speech, Mr. Hoogervorst stated that said the forward-looking expected loss model in IFRS 9, Financial Instruments should provide investors with better insight on loan loss risks. He defended the standard against claims that it was not tough enough and that banks should be required to recognize full expected lifetime losses on all loans as soon as the loan has been made.

Review the full text of Mr. Hoogervorst's speech on the IASB's Web Site.

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