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