EY - IFRS 9: impairment for banks and similar entities (LIVE)

EY IFRS webcast

IFRS 9: impairment for banks and similar entities (LIVE)

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We are offering this webcast twice in 24 hours. Please register for the webcast that best suits your scheduling needs. Please note that participants can earn CPE for only one event. Viewers will not earn two or more CPE credits for participating in all events.

This webcast is timed for the European and Americas time zones. Please see replay to register for the webcast scheduled for the Asia-Pacific time zones.

In July, the International Accounting Standards Board (IASB) issued the final version of IFRS 9 Financial Instruments, bringing together the classification and measurement, impairment and hedge accounting phases of the IASB’s project to replace IAS 39 Financial Instruments: Recognition and Measurement. The standard is effective for annual periods beginning on or after 1 January 2018, with early application permitted.

The new impairment requirements will have a major impact on many entities, especially banks. Such entities should recognize that the new model will require significant development of systems and processes. It is critical to start planning an initial assessment of the likely impact of the new IFRS 9 expected credit loss model to manage a successful transition and implementation.

In this webcast, our panel will discuss the new IFRS 9 impairment requirements and what this means for banks and similar entities with significant credit risk exposures. This includes:

  • Key principles of the expected credit loss model for loans and bonds
  • Key changes from the exposure draft
  • Significant interpretation issues and practical implementation issues
  • The impact and implications for banks and similar entities

Featured panelists:

  • Tony Clifford, Ernst & Young LLP (UK), Co-Chairman, Global IFRS Financial Instruments Working Group
  • Michiel van der Lof, Ernst & Young Accountants LLP, Head of EY EMEIA FSO IFRS Excellence Centre
  • George Prieksaitis, Ernst & Young LLP (Canada), Leader of the EY Financial Accounting Advisory Services Business in Canada and member of the IASB’s transition resource group for impairment of financial instruments (ITG)

Moderator:

  • Wei Li Chan, Ernst & Young Global Limited, Global IFRS Financial Instruments Working Group