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IFRS 9 Implementation from the Perspective of Banking Supervisors / Rachid Awad, Luc Riedweg.
- Format:
- Book
- Government document
- Author/Creator:
- Awad, Rachid.
- Series:
- Technical Notes and Manuals; Technical Notes and Manuals ; No. 2026/004
- Technical Notes and Manuals
- Language:
- English
- Physical Description:
- 1 online resource (50 pages)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2026.
- Summary:
- The paper explores the role of banking supervisors with respect to banks’ implementation of IFRS 9. It discusses: the benefits associated with IFRS 9 as well as the main challenges from banking soundness and risk management perspectives; the role that banking supervisors should play in achieving a robust implementation of IFRS 9; and steps that can be taken to implement IFRS 9 in a proportionate and sound manner while minimizing procyclicality. It argues that authorities should consider introducing a transition period to provide sufficient preparation time for banks and banking supervisors, with an appropriate sequencing of key tasks to be completed; IFRS 9 should be implemented in a proportionate and sound manner; and regulatory provisioning systems used as prudential backstop should be maintained until supervisors have gained sufficient experience with IFRS 9.
- Notes:
- Description based on print version record.
- ISBN:
- 979-82-290-3673-3
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