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COVID-19 and the Treatment of Restructured Loans for Financial Soundness Indicators (FSI) Compilation

20 November, 2020 @ 10:00 am - 12:00 pm

Speakers

Mr. Brian Kwok Chung Yee (Senior Economist, Statistics Department,  International Monetary Fund)
Mr. Mahmut Kutlukaya (Economist, Statistics Department, International Monetary Fund)

Target Audience

The webinar is designed for central bank and financial supervisory agencies officials involved in the compilation and dissemination of the IMF FSIs and macro-financial surveillance.

Webinar Description

In response to the COVID-19 pandemic, a number of economies have seen their banking sector engage in loan restructuring—providing borrowers breathing room to face this severe negative shock. However, when conducted in large scale this type of forbearance can create uncertainty on the viability of the banking sector. So that, for financial stability monitoring purposes, it is important to properly account for these actions in FSI compilation.

This webinar clarifies the treatment of restructured loans—in response to COVID-19—for Financial Soundness Indicator (FSI) Compilation. It also reviews foundational accounting and regulatory practices related to loan loss classification and provisioning for restructured loans. Finally, the webinar introduces a tool to track the evolution of restructured loans to for macro-financial monitoring purposes.

Registration

To register for this webinar, please complete the online form here by November 19, 2020 (by 12 noon, Singapore time). Only official email addresses are accepted.

Details

Date:
20 November, 2020
Time:
10:00 am - 12:00 pm
Course Number
STR20.42

Application Deadline

Nov 19, 2020