IFRS 9 - Impairments Time to Get Ready for The New Standard

Noortje Bours-CorbeySenior IFRS Specialist ABN AMRO

Global Association of Risk ProfessionalsMay 2016

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The views expressed in the following material are the

author’s and do not necessarily represent the views of

the Global Association of Risk Professionals (GARP),

its Membership or its Management.

IFRS 9

25 May 2016

Programme Board Voorzieningen

IFRS 9 Stuurgroep

ReportingClassification &

MeasurementImpairments Impact analyse Sourcing

Model ontwikkeling

IFRS 9 Project

Technical Board

Into the Lion’s den

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Where are we at

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Loss allowance

(% of gross carrying amount)

Deterioration

in credit quality

Incurred

LossSignificant

deterioration

Key Issues

IFRS 9 endorsement

Risk stage determination (RSD)

Forbearance in RSD

Data at origination

Credit deterioration in investment portfolio

Changes in Governance

Tax impacts

Forward looking information

Regulatory guidance

IFRS 9 impact reporting

Aligning Finance and Risk

Risk management focus

Training the organisation

What are the main issues?

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