IFRS 9 for Banks

IFRS 9 specifies how an entity should classify and measure financial assets, financial liabilities, and some contracts to buy or sell non-financial items.

IFRS 9 requires an entity to recognise a financial asset or a financial liability in its statement of financial position when it becomes party to the contractual provisions of the instrument. At initial recognition, an entity measures a financial asset or a financial liability at its fair value plus or minus, in the case of a financial asset or a financial liability not at fair value through profit or loss, transaction costs that are directly attributable to the acquisition or issue of the financial asset or the financial liability.

After the training the participant shall be able to:

• Identify recent changes and ongoing projects
• Evaluate the impacts
• Prepare for changes by anticipating them

·       Classification and Measurement

o   Portfolios / SPPI

o   Balance Sheet and Profit and Loss

·       Loans, Leases and fee income 

o   Leases

o   Impairment

·       Disclosures

o   General disclosures

o   IFRS9 disclosures (IFRS7)

Anyone interested in the evolution of IFRS accounting standards for banks.