A common theme in the new architecture of financial supervision is the encouragement of institutions and their key executives to take a leap into the future. With emphasis towards forward-thinking analysis, organisations must anticipate adverse events instead of just reacting to them.
IFRS 9 is a prime example of this. To prepare for the standard, organizations must understand the changes being introduced, their impact on vital functions as well as the knock-on effects on key elements of financial performance and risk management.
This white paper examines how implementing a successful IFRS 9 strategy will allow organisations to justify key decisions and actions to employees and external supervisors.