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IFRS 9 Financial Instruments impairment survey – challenges remain
EY’s fourth annual IFRS 9 impairment survey compares the impact and challenges specific to impairment programmes for banking institutions
Welcome to EY’s fourth annual IFRS 9 impairment survey. This survey was undertaken to compare the impact of, continued challenges and focus areas specific to impairment programmes for major banking institutions. Overall, we have observed that the impact on provisions is less than was expected, there is convergence in the application of multiple scenarios, and some of the best practices around stress testing are starting to crystallize. However, the longer-term impacts are still unclear.