IFRS 9 impairment survey 2011
How global banks are responding to the financial crisis accounting reformsDOWNLOAD
Over the past few years significant effort has gone into the development of an entirely new financial instrument accounting standard. As we approach the finalisation of the standard that will replace IAS 39 within International Financial Reporting Standards (IFRS), a picture is emerging of the final body of rules that will come into force over the coming years.
In light of this, the Global Financial Services Industry practice has conducted this survey, gathering the responses from 56 global banking groups, including responses from 7 of the top 10 global banking groups measured by total assets. It aims to help banking clients better understand the impact of the proposed rules as well as, raise awareness of the size and scale of the impact of the proposed changes.