DECL Taskforce publishes first report on IFRS 9 ECL disclosures
28 Nov, 2018
The Taskforce on Disclosures about Expected Credit Losses (‘the DECL Taskforce’) has published its first report, 'Recommendations on a comprehensive set of IFRS 9 Expected Credit Loss disclosures'.
The Taskforce was set up on the initiative of the UK Financial Conduct Authority, the Financial Reporting Council and the Prudential Regulation Authority. The membership of the Taskforce includes Banks, Institutional Investors and Rating Agencies.
The Taskforce’s report sets out recommendations on the content of a comprehensive set of IFRS 9 Expected Credit Losses disclosures in order to promote high quality, comparable ECL-related disclosures.
A press release, letter to co-chairs and the full report are available on the FRC website.
