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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
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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](https://reader031.vdocuments.site/reader031/viewer/2022030306/586fe9831a28ab92198b4bcb/html5/thumbnails/3.jpg)
3
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.
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4 | © 2014 Global Association of Risk Professionals. All rights reserved.
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](https://reader031.vdocuments.site/reader031/viewer/2022030306/586fe9831a28ab92198b4bcb/html5/thumbnails/5.jpg)
5 | © 2014 Global Association of Risk Professionals. All rights reserved.
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](https://reader031.vdocuments.site/reader031/viewer/2022030306/586fe9831a28ab92198b4bcb/html5/thumbnails/6.jpg)
6 | © 2014 Global Association of Risk Professionals. All rights reserved.
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