Global Standards for the world economy

Friday 10 July 2020

Banner graphic

Project Updates

Listen to our webcast on IFRS 9: Forward-looking information and multiple scenarios

 25 July 2016

Since the issue of IFRS 9 Financial Instruments in July 2014, the IFRS Transition Resource Group for Impairment of Financial Instruments (ITG) has had a series of discussions to provide support for stakeholders implementing the new impairment requirements.

One of the topics discussed by the ITG was incorporating forward-looking information in the application of the Expected Credit Loss impairment requirements. In this webcast, Sue Lloyd, IASB member, Kumar Dasgupta, Technical Director and Uni Choi, Practice Fellow, explore key aspects of the above topic.

The objective of this webcast is neither to provide new interpretation of the requirements of the Standard nor to override or change any observations made in the ITG meetings. The following items are covered in the webcast:

  • when multiple scenarios are relevant and the concept of non-linearity;
  • consistency of scenarios;
  • probability-weighted assessment of significant increase in credit risk; and
  • approaches to incorporating forward-looking scenarios.

Webcast Slides
IFRS 9: Forward looking information and multiple scenarios (34:22 mins)

Related information