ICAEW briefing paper on IFRS 9 for banks
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.
