IASB announces membership of transition resource group for impairment of financial instruments

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22 Aug, 2014

The International Accounting Standards Board (IASB) has announced the membership of the transition resource group that will focus on the new requirements for impairment of financial instruments.

The Impairment Transition Resource Group (ITG) group will support stakeholders by providing a discussion forum on implementation issues that may arise as a result of the new impairment requirements under IFRS 9 Financial Instruments that were issued in July this year.

The current membership of the ITG includes:

  • Wayne Basford, BDO, Partner, IFRS leader Asia Pacific
  • Graham Dyer, Grant Thornton, Senior Manager, National Professional Standards Group
  • Paul Fallon, Standard Bank Group, Head of Group Risk Model Development and Model Management
  • William Hayward, Barclays, Director, Head of Regulatory Risk
  • Helen Killoch, Bank of Montreal, Vice-President and Chief Accountant
  • John McDonnell, PwC, Partner in Banking and Capital Markets Group and Global Accounting Consulting Services
  • Tetsuo Nanri, Bank of Tokyo-Mitsubishi, Manager, Credit Policy & Planning Division
  • Hervé Phaure, Deloitte, Partner, FSI Risk Advisory
  • George Prieksaitis, Ernst & Young, Partner, Financial Services Organisation; Leader of the EY Financial Accounting Advisory Services business in Canada
  • Jörg Michael Scharpe, Deutsche Bank, Group Reporting Director for External Capital and Risk Reporting
  • Chris Spall, KPMG, Partner, Internal Standards Group, Global IFRS Financial Instruments Leader
  • Yu Xiaofel, Bank of China, Accounting Manager

The first meeting date for the ITG is planned for the last quarter in 2014.

For more information, see the press release on the IASB website.

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