IFRS 9 - The New Standard, Classification, Impairment and Implementation Challenges

Day One

09.00 - 09.15 Welcome and Introduction

09.15 - 12.00

Overview of IFRS 9

  • Brief history and scope of the accounting standard
  • Lessons learned from the Global Financial Crisis
  • Overview of the principles
  • Relationship with other regulatory developments
    • Basel III, BCBS Guidance on ECL

Classification of financial instruments

  • Recognition and de recognition of financial assets and liabilities
  • Overview of the asset classes
  • The SPPI criteria
  • Business model assessment
  • Classification of financial liabilities

12.00 - 13.00 Lunch

13.00 - 16.30

Measurement and impairment

  • Initial measurement
  • Amortized cost measurement
    • Effective interest method
  • Overview of impairment requirements
  • The Expected Credit Losses (ECL) concept
  • ECL components and articulation
  • Individual and collective measurements
  • Guarantees and collaterals
  • Exercises and Q&A

Day Two

09.00 - 09.15 Recap

09.15 - 12.00

Impairment (continued)

  • Review of ECL assessment
  • Special cases
    • Credit impaired at initial recognition
    • Lease and receivables
  • Presentation of ECL in the financial statements

Comparison with Basel regulatory models

  • Review of regulatory models
  • Regulatory requirements on credit parameters (PD, LGD,...)
  • IFRS 9 requirements on these parameters
  • Identification of areas of potential leverage

12.00 - 13.00 Lunch

13.00 - 16.30

BCBS Guidance on expected credit losses

  • Ambition of BCBS on the matter
  • The 11 principles
  • What is the real impact of the guidance

Implementation challenges

  • State of the art IFRS 9 impairment calculation: Illustration
  • Modeling challenges
  • Data-related challenges
  • Other challenges
  • Assessment of the priorities for each participant

Evaluation and Termination of the Seminar

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