Judgment-based adjustments to address model and data limitations should be supported by appropriately documented analysis and robust controls and governance.
October 20, 2023The working group will help develop design principles for banks' credit risk models and recommend an independent validation methodology.
October 6, 2023The Singapore government's investment arm said its USD 5.46 billion net loss for the year ended March 2023 was due to the IFRS 9 requirement to account for unrealised mark-to-market losses on sub-20 percent investments.
July 12, 2023The IASB is seeking feedback to help it assess whether the impairment requirements in IFRS 9 are continuing to work as intended.
May 31, 2023The draft rules propose a unified standard for measuring country risk, as well as new provisioning requirements to align with new accounting standards.
December 15, 2022Implementation of requirements for non-life insurers to set aside more capital to guard against catastrophe risks have been postponed.
October 26, 2022Reclassification of assets under IFRS 9 will enable insurers to mitigate the effects of rate hikes on their financial ratios.
October 14, 2022Authorities should adopt a positive CCyB rate in normal times. A report evaluating the impact and effectiveness of implemented Basel reforms has also been released.
October 7, 2022The guidelines will help to standardise banks' practices for valuing financial instruments and improve the comparability of reported financial indicators.
August 16, 2022IFRS 9 will prompt a one-off increase in banks' loan-loss provisioning, diminishing shareholder capital. Banks will also be pressured by increased taxes.
July 19, 2022