IFRS 9
What to consider when granting payment holidays under IFRS 9 — impact on ECL
In my previous article, I discussed the accounting considerations when assessing whether or not a substantial modification exists regarding COVID-19 measures taken by lenders, such as payment holidays or moratoria. As promised, in this article I will explore the impact of these measures on the expected credit loss (ECL) model in more detail. As communicate […]
Granting payment holidays under IFRS 9 — substantial modification or not?
To mitigate the adverse economic effects of the COVID-19 pandemic, and in recognition of the financial stress that borrowers are facing, lenders have started providing measures to borrowers under their own pre-existing or new programs. These include debt renegotiations or cash flow rescheduling of the interest or principal. Additionally, governments and central […]
CSSF focus for 2020
Just before issuers and auditors started winding down for the festive season, the CSSF published its enforcement priorities for 2020. Recently issued IFRS 9, 15 and 16 were among the points at the top of the agenda – no surprises there, right?! Let’s take a look at what’s at the top of the CSSF’s agenda for the year ahead… IFRS 16 Lease The C […]
CSSF views of IFRS 9 implementation by credit institutions
In the summer, we looked at IFRS 9 from the point of view of the investors. Here, we bring you the insightful and valuable findings shared by our local regulator CSSF in their IFRS 9 follow-up study covering 126 banks. In this blog we focus on their findings related to the qualitative aspects of IFRS 9. If you are interested in the quantitative impact, read more […]
