ifrs 9 – impairments – time to get ready for the new standard

IFRS 9 – Impairments Time to Get Ready for The New Standard Global Association of Risk Professionals SAS, Huizen 25 th of May 2016

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IFRS 9 – ImpairmentsTime to Get Ready for The New Standard

Global Association of Risk Professionals

SAS, Huizen

25th of May 2016

IFRS 9 – ImpairmentsTime to Get Ready for The New Standard

Peter Plochan, FRM

Global Association of Risk Professionals

SAS, Huizen

25th of May 2016

Page 3: IFRS 9 – Impairments – Time to Get Ready for The New Standard

The views expressed in the following material are the

author’s and do not necessarily represent the views of

the Global Association of Risk Professionals (GARP),

its Membership or its Management.

Page 4: IFRS 9 – Impairments – Time to Get Ready for The New Standard

IFRS 9 Challenges - The Expected Credit loss impairment approach

More Models

More Financial Impact More Impairments

More Complex Calculations

More Internal Cooperation More Interpretations

More Often

More Data

Page 5: IFRS 9 – Impairments – Time to Get Ready for The New Standard

IFRS 9 Challenges - The Expected Credit loss impairment approach

More Models

More Financial Impact More Impairments

More Complex Calculations

More Internal Cooperation More Interpretations

More Often

More Data

More Auditability Governance and Controls

Page 6: IFRS 9 – Impairments – Time to Get Ready for The New Standard

IFRS 9 Challenges - The Expected Credit loss impairment approach

More Models

More Financial Impact More Impairments

More Complex Calculations

More Internal Cooperation More Interpretations

More Often

More Data

Methodology

Simulation

Methodology

Assessment

Methodology

Deployment

More Auditability Governance and Controls

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