ICAEW briefing paper on IFRS 9 for banks

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Sep 06, 2017

In September 2017, the Institute of Chartered Accountants in England and Wales (ICAEW) published a briefing paper for analysts and other market participants on IFRS 9, "Financial Instruments". The paper is accompanied by a shorter briefing note for a non-technical audience.

The briefing paper covers:

  • Development of IFRS 9 and expected loss accounting
  • Regulatory expected loss
  • Staging of provisions
  • Complexities of presenting and understanding the new information

The briefing note covers an understanding of the role of banks, changes required by IFRS 9 and the expected effect on banks in applying its requirements.

Review the Briefing paper and the Briefing note on the ICAEW's website.

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