The far-reaching implications of IFRS 9

IFRS 9 is meant to improve the accounting and reporting of financial assets and liabilities, and replaces IAS 39 with a unified standard that will materially influence banks’ financial statements, with impairment calculations the most affected. 

The implications of IFRS 9 are more far-reaching than a simple upgrade from IAS 39. Financial institutions should consider the wider infrastructure it will be sitting on, and review the data flow from source to accounting, and include balance sheet and risk management activities. The deepening integration of the key finance-related functions, from source e.g. lending, through to risk, finance and treasury means that IFRS 9 will have a widespread impact across the business. IFRS figures are not only needed for accounting but required for forecasting, pricing, interest rate gaps, and for the calculation of the Liquidity Coverage Ratio (LCR).

The impact of IFRS 9 will blurr the lines between finance, risk management and the business lines

Risk Management


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IFRS 9 - The blurring lines between accounting, risk management and the business

IFRS 9 replaces IAS 39 with a unified standard and will materially influence banks' financial statements with impairment calculations the area most affected.

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