PRA letter to CFOs on minimum disclosures about ECL on transition to IFRS 9

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12 Jan, 2018

The Prudential Regulation Authority (PRA) has set out in a letter to CFOs its expectations as to the minimum transition disclosures about Expected Credit Losses (ECL) that will be provided on transition to International Financial Reporting Standard (IFRS) 9 Financial Instruments.

The letter includes:

  • The objective of transition disclosures about ECL
  • When and where the transition disclosures will be published
  • The content of the minimum transition disclosure

The full letter is available on the PRA website.

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