IFRS 9: Loan loss accounting and financial stability

We may earn money or products from the companies mentioned in this post.

The six-minute video covers the background to the new loan loss requirements in IFRS 9, how the new standard contributes to financial stability and the relationship between the accounting requirements and bank (prudential) regulators’ capital requirements.

IFRS 9 comes into force from 1 January 2018 and replaces the old standard IAS 39, which was considered unfit for purpose in the face of significant financial stresses and risk for banks.

There are three presenters from the International Accounting Standard Board (IASB) including vice chair Sue Lloyd, and board members Darrel Scott and Stephen Cooper.

Leave a Reply