IFRS 9 Challenges in View of COVID-19: Impact on Provisions and Associated Regulatory Guidance
Many banks went live with their models and systems for IFRS 9 provisioning more than two years ago. Now, the new accounting standard and the banks’ implemented methods to comply with it will face their first serious challenge following the global outbreak of Coronavirus (COVID-19).
In this webinar we explore the implications of the deterioration in the financial markets and wider economy on the provisions of banks reporting under IFRS 9. We also evaluate the guidance from regulators and legislators to the banks and how these may provide assistance as well as challenges to appropriate provisioning for credit risks.
Speakers:
Metin Epozdemir, Moodys Analytics
Nadja Roos, Moody's Analytics
Antonios Kastanas, Moody's Analytics
Yashan Wang, Moody's Analytics
Click here for the presentation.
Related Articles
Moody's Analytics: Spending 30% of Income on Rent is the New Normal
Moody’s Analytics: Spending 30% of Income on Rent is the New Normal
Moody's Analytics Teams Up with MIT's Center for Real Estate on Climate and Real Estate Agenda
Moody’s Analytics Teams Up with MIT’s Center for Real Estate on Climate and Real Estate Agenda
Moody's Analytics: 70% of Businesses Ramp Up Supplier Risk Detection Investment
Moody’s Analytics: 70% of Businesses Ramp Up Supplier Risk Detection Investment
Regulatory Reporting for Digital Banks
Read the article to find out more about how digital banks can continue to focus on innovation as the regulatory landscape evolves in a post-pandemic world.
Moody's Analytics and McKinsey Sustainability Launch Enhanced Climate Solutions for Banks
Moody’s Analytics and McKinsey Sustainability have joined forces, bringing together leading data, analytics, software, and consulting services to help banks identify, measure, and act on risks and opportunities related to climate change.
Moody's Earns Top Overall Ranking in Chartis RiskTech100 2023
Moody’s Earns Top Overall Ranking in Chartis RiskTech100 2023
Moody's Analytics: Perpetual KYC Viewed as The Future of Compliance
Research finds that most organizations see pKYC as key to better understanding their risk during uncertain times.
Moody's Analytics: Most States are Well Prepared to Weather a Recession
Moody’s Analytics: Most States are Well Prepared to Weather a Recession
Moody's Analytics: Stronger ESG Risk Mitigation Practices Linked to Better Shareholder Returns
Moody’s Analytics: Stronger ESG Risk Mitigation Practices Linked to Better Shareholder Returns
Moody's Analytics Launches Integrated Risk Analytics Platform in China
Moody’s Analytics Launches Integrated Risk Analytics Platform in China
