Daily Archives: August 22, 2017

IFRS 9 Implementation Challenge For Low Default Portfolios: One Possible Approach To Compute PDs

As of January 1, 2018, IFRS 9 will replace the current IAS 39 across several jurisdictions, including many European countries.

By focusing on expected credit losses, IFRS 9 will represent a significant shift from IAS 39 (incurred losses) since the new impairment requirements determine that expected losses will have to be computed not only for non-performing assets, but also for performing assets, with a direct impact on Profit and Loss (P&L).

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