Writing for CFO South Africa, Global Credit Data’s Executive Director, Richard Crecel and Membership and Methodology Executive, Daniela Thakkar, outline results from their latest IFRS 9 Benchmarking Report.
As banks’ first financial statements under the new IFRS 9 reporting standard are released, results from the study indicate their Expected Credit Loss (ECL) estimates under the new standard vary wildly – even when assessing identical portfolios of assets. The complex framework, they argue, will require further benchmarking on a larger scale, including developing a range of standard methodologies and reference points.
Read the full article here.
Read the full report here.