ICAEW briefing paper on IFRS 9 for banks
06 Sep 2017
The Institute of Chartered Accountants in England and Wales (ICAEW) has published a briefing paper for analysts and other market participants on IFRS 9 'Financial Instruments'. The paper is accompanied by a shorter briefing note for a non-technical audience.
The briefing paper covers:
- Development of IFRS 9 and expected loss accounting
- Regulatory expected loss
- Staging of provisions
- Complexities of presenting and understanding the new information
The briefing note covers an understanding of the role of banks, changes required by IFRS 9 and the expected effect on banks in applying its requirements.
Please click for the two documents on the ICAEW website:
