Risk ASEAN workshop: IFRS 9, 22-23 May, Kuala Lumpur
Asia Risk is delighted to present IFRS 9, a two-day pre-conference workshop on the new financial instruments, practical strategies and the constructive implementation of IFRS 9 standards. Designed for finance, risk, IT and credit risk professionals the course will help you to meet the challenge of the new impairment modelling paradigm under IFRS 9.
IFRS 9 Implementation: New financial instruments and their impact on credit risk modelling
22-23 May 2017
Kuala Lumpur, Malaysia
Two-day intensive workshop on IFRS 9
Join us for this two-day intensive workshop to hear from regulators and leading industry experts. The agenda will dissect on the main components of new proposed rules and analyse possible outcomes to banks in Asia if they are being enforced.
In-depth analysis of new financial instruments
Replacing most of the guidance in IAS 39, IFRS 9 represents an overhaul by the International Accounting Standards Board (IASB) of accounting rules and procedures. The concept of fair valuation of income has been introduced in the classification and measurement of financial assets and debt instruments. In addition, IFRS 9 introduces an expected loss model, which means financial and non-financial institutions will need to make provisions for expected credit losses from the moment a financial instrument is originated or purchased. Those provisions would initially cover expected losses over a 12-month period, but would also cover the full lifetime of the asset if it is exposed to credit risk.
This two-day workshop has been designed for financial institutions, insurers and corporates. The purpose of the course is two-fold: it aims to provide comprehensive guidance on IFRS 9 financial instruments and illustrate how to practically apply this new standard within your organisation.
Key highlights of the two-day intensive workshop:
- The future of financial reporting - the historical, global conceptual context of IFRS 9
- Classification and measurement of financial assets
- Impairment principles: building an expected loss model
- Managing volatility under IFRS 9
- The IRB approach and IFRS 9
- Impairment rules and scenario analysis
- Addressing data challenges - how to successfully build a reporting platform
- Case study: implementation advice from an advanced adopter
- Unpacking and demystifying IFRS 4 for insurers
- And much more...View the Programme here