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Prudential Asset Classification and Provisioning and the IFRS (PACP)

Financial Sector Policies

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.

Read More Topic : Financial Sector Policies

    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.

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    Qualifications

    Participants are expected to have a degree in economics or finance, or equivalent experience.

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    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.
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    Apply Now - Application deadline approaching:

    IMF offers online training to government officials and public. Click Learn more to find our current offerings.

    Virtual - Financial Sector Surveillance (FSS)

    English, November 2-6, 2020, Vienna, Austria

    Apply online by September 20, 2020

    Virtual - Financial Development and Financial Inclusion (FDFI)

    English, November 16-27, 2020, Singapore, Singapore

    Apply online by September 21, 2020

    Virtual - Economic Issues in Regional Integration (ERI)

    English (French), October 12-23, 2020, Ebene, Mauritius

    Apply online by September 23, 2020

    Virtual - Fiscal Frameworks (FF)

    English (French), October 26, 2020 - November 6, 2020, Ebene, Mauritius

    Apply online by September 23, 2020

    Virtual - Financial Sector Policies (FSP)

    English (French), November 9-20, 2020, Ebene, Mauritius

    Apply online by September 25, 2020