Details
Start:
Apr 20, 2020
End:
Apr 24, 2020
Course Number:
ST20.12
Application Deadline:
Jan 10, 2020
Prudential Asset Classification and Provisioning and the IFRS (PACP)
Target Audience
Bank supervisors and officials responsible for managing credit risk and loan loss provisioning in countries that have adopted International Financial Reporting Standards (IFRS) or are planning to do so.
Qualifications
Participants are expected to have a degree in economics or finance or equivalent experience.
Course Description
This course, presented by the Monetary and Capital Markets Department, explains various aspects of, and issues related to, asset classification and provisioning, both from the prudential regulatory perspective and that of accounting/IFRS. It also explores the role of the supervisor in reconciling differences between the two perspectives. In addition to covering loan loss provisioning principles and the requirements of the Basel Committee on Banking Supervision (BBS), the course discusses the credit loss recognition rules prescribed by IFRS 9. The course also tackles issues related to complying with IFRS 9. Case studies and hands-on exercises are provided to enhance the effectiveness of the course. Participants are invited (and should be prepared) to share their own experiences and views on this topic.
Course Objectives
Upon completion of this course, participants should be able to:
- Understand the IFRS and principles and rules related to credit loss recognition; IFRS 9; and the difference between the accounting and regulatory approaches.
- Identify and handle supervisory challenges related to balancing the accounting and regulatory requirements in loan loss provisioning and in helping banks comply with IFRS 9.
- Recognize major international developments (e.g., BCBS decisions) that affect the application of IFRS 9 and understand their implications.
