IFRS 9: Complying with the New Accounting Standards

The new IFRS 9 accounting standard requires financial institutions to progress from a backward-looking and observation-based impairment model to a forward-looking and expectation-based approach. According to this new model, institutions must determine an expected credit loss on the origination of each financial asset under the scope of the new impairment standard and recognize a corresponding loss allowance. During the whole lifetime of a financial instrument, the amount of the loss allowance needs to be updated regularly to reflect any changes in credit risk. Given the complexities and the broad scope of IFRS 9, the large data volumes involved, the multiple simulations required, banks are facing many challenges in meeting these requirements, particularly in the areas of data management, model execution, scenario analysis and disclosure reporting. Financial institutions can discover: - Introduction: IFRS 9 Overview & Key Facts. - IFRS 9 Requirements & Challenges. - Market Assessment & Outlook. - SAS IFRS 9 Solution Overview & Demo.