Agenda for the first face-to-face meeting of the ITG

  • ITG (Transition Resource Group for Impairment of Financial Instruments) (mid blue) Image

02 Apr 2015

The agenda has been released for the upcoming meeting of the Transition Resource Group for Impairment of Financial Instruments (ITG), which is being held at the offices of the IASB on 22 April 2015.

The ITG was created to keep the IASB informed on issues occurring during implementation of the new impairment requirements in IFRS 9 Financial Instruments, to assist in determining what action may be needed to resolve diversity in practice and to provide a public forum for stakeholders to learn about the new impairment requirements from others involved with implementation. The first face-to-face meeting of the group was originally planned for the last quarter of 2014 but was replaced by a conference call to discuss operating procedures and the status of implementation as not enough substantive technical implementation issues that meet the submission criteria had been received by then.

The agenda for the meeting is as follows:

Wednesday, 22 April 2015, 09.30-15.30

  • Introductory remarks
  • The maximum period to consider when measuring expected credit losses
  • Forecasts of future economic conditions
  • Loan commitments – Scope
  • Revolving credit facilities
  • Assessment of significant increase in credit risk for guaranteed debt instruments
  • Measurement of expected credit losses for an issued financial guarantee contract
  • Expected credit losses - measurement date
  • Measurement of expected credit losses in respect of a modified financial asset

Agenda papers for this meeting will be made available on the IASB's website closer to the meeting.

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