Wolters Kluwer: IFRS 9 - Closing the Gap between Risk and Finance
The global financial crisis has changed the landscape of the financial industry significantly.
This paper examines the ongoing convergence in the measures used by risk and finance functions and the potential for developing a ‘single version of the truth’ for both.
The two separate worlds of risk and finance, and their frameworks, have much in common; despite being written to achieve different objectives, they often work in a complementary manner. This is well demonstrated in the recent
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