Accounting Standards Around the World
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  • Accounting Standards Around the World

    On-demand Webinar


    Firms in much of the world will be preparing for IFRS 9, created by the International Accounting Standards Board (IASB). With its emphasis on expected credit losses and forward-looking analysis, IFRS 9, which can be implemented at any time and will become mandatory at the start of 2018, is a departure from the traditional incurred-loss model. Additionally any firm with a foothold in the United States must also contend with Current Expected Credit Loss (CECL), the equivalent framework of the Financial Accounting Standards Board (FASB). Further to this, institutions have regulatory authorities large and small to satisfy, too, including the Basel Committee on Banking Supervision (BCBS) and, in certain cases, regional, national and state agencies.

    As firms come to grips with standards like IFRS 9 and related frameworks for handling expected credit losses, they are realizing that even slight variations in how that goal is envisioned, and the mechanisms instituted to try to achieve it, are likely to create confusion and potential inconsistencies. Join this webinar to learn more about the various requirements – similarities, differences, timelines, challenges and opportunities.

    In this webinar, Jeroen Van Doorsselaere, VP Market Management, Risk and Finance, presented:

    • Interpretations around the globe (OFSI, PRA, etc.)
    • An update on where banks are in the IFRS 9 implementation process.
    • The CECL timelines, and how to benefit from an IFRS 9 implementation even when you are only required to do CECL,
    • The main challenges in implementing ECL,
    • Insight into the difficulties for banks that have adopted the Internal Ratings Based approach compared to banks on a standardized approach
    • IFRS 9/CECL in practice

    Please fill in the form below to request a recording of this webinar.

     



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