SBIF Extends Consultation Period for Proposed Updates to CNC for Banks

By Regulatory News

March 06, 2019

Loss Accounting: IFRS 9

SBIF extended the consultation period for a proposed update to the Compendium of Accounting Standards (CNC) for banks. The consultation period has been extended until April 18, 2019, from March 18, 2019. The proposed modifications correspond to an update of the accounting criteria due to the various amendments to IFRS in recent years and to the need to match these amendments with the particular accounting provisions defined by SBIF. The proposal was released by SBIF on January 24, 2019.

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Comment Due Date: April 18, 2019

Keywords: Americas, Chile, Banking, Accounting, IFRS 9, IFRS, Financial Statements, CNC, SBIF

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