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.
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