ITG discusses implementation of impairment requirements in IFRS 9

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

18 Sep 2015

On 16 September 2015, the IFRS Transition Resource Group for Impairment of Financial Instruments (‘ITG’) held its second meeting to discuss implementation issues arising from the new impairment requirements following the issue of IFRS 9 'Financial Instruments' (2014).

Topics discussed at the meeting included:

  • Significant increases in credit risk.
  • Use of changes in the risk of a default occurring over the next 12 months when assessing for significant increases in credit risk.
  • Measurement of expected credit losses for revolving credit facilities
  • Forward-looking information.
  • Status of Basel guidance on accounting for expected credit losses.

The next ITG meeting is planned for 11 December 2015.

For more in­for­ma­tion, and a summary of the dis­cus­sions at the meeting, see Deloitte’s IFRS in Focus as well as the meeting summary on the IASB's website.

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