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It is no secret that IFRS 9 Financial Instruments affects the financial services industry most significantly. With the standard’s effective date now passed, what has been the impact? And what are some of the practical issues and challenges that entities are still addressing?
In this webcast, we will discuss key issues and challenges of IFRS 9 for financial institutions:
Impact of IFRS 9 – what we have seen so far
Disclosure expectation in 2018 reports
Interest income presentation
Dynamic risk management
Application challenges
Accounting for modifications
Application of expected credit losses (ECLs) to intercompany loans
Interaction between ECLs and purchased financial guarantee contracts