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IASB comments on EDTF report on expected credit losses and disclosures

 07 December 2015

The Financial Stability Board’s Enhanced Disclosure Task Force has today published a report proposing updated risk disclosures for banks in the context of an expected credit loss framework.

Hans Hoogervorst, IASB Chairman, commented:

The disclosure recommendations proposed by the EDTF are an update on its previous recommendations and complement the requirements in IFRS 9 Financial Instruments.

The recommended disclosures will help prepare the market for the fundamental change in impairment accounting that will be introduced from 2018 and enhance the understanding of expected credit losses once IFRS 9 is applied.

For the original EDTF report, click here .


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