SAS: IFRS 9 impairment- Time To Get Ready For The New Standard

Starting in 2018, IFRS 9 will require banks around the world to change their processes for accounting of credit risk. This new impairment standard will move banks from the backward looking incurred loss model into a forward looking Expected Credit Loss (ECL) modelling approach.
When talking with banks around the world about how they deal with the challenges introduced by IFRS 9 Impairments, it seems that what attracts the most of their concerns is how to perform the assessment, simulation
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