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Financial Sector Policies

Cancelled - Prudential Asset Classification and Provisioning and the IFRS (PACP)

Cancelled

Session No.: ST 20.12

Location: Singapore, Singapore

Date: April 20-24, 2020 (1 week)

Primary Language: English

    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 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.

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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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