What impact is IFRS-9 forward provisioning having on banks during the Covid-19 crisis?

The economic fall-out from the Covid-19 pandemic is the first major test for the IFRS-9 accounting standard, which only came into force in 2018. Global Risk Regulator chaired a discussion about how banks are interpreting the IFRS-9 standard, what approaches they’re taking to forward provisioning for bad loans and how they’re accounting for regulatory guidance around how they should provision for non-performing loans. The two experts who took part in the discussion were Jane Fuller who is a co-director at the Centre for the Study of Financial Innovation and a fellow at the CFA Institute UK and Damien Burke who is a partner at the credit risk consultancy, 4Most. Hosted on Acast. See acast.com/privacy for more information.