White Paper

Implementing an IFRS 9 Solution: Challenges Faced by Financial Institutions

Company: Moody's Analytics

Moody's Analytics case study

Category: Compliance

Published: 14 June 2016

Format:

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Overview

As part of the response to the last financial crisis, the International Accounting Standards Board (IASB) recently issued IFRS 9 to resolve the weaknesses of IAS 39. Under IAS 39, incurred loss resulted in credit loss recognition that was “too little, too late.”

Improvements under IFRS 9 include a logical model for the classification and measurement of financial instruments, a forward-looking expected credit loss impairment model, and a substantially reformed approach to hedge accounting.

This white paper provides an overview of the new standard and analyses the major challenges financial institutions will face in ensuring compliance.

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