Report
Report On the application of the IFRS 7 and IFRS 9 requirements regarding banks' expected credit losses (ECL). 15 December 2021 | ESMA32-339-169. Table of Contents 1 Executive Summary ........................................ ........................................ ....................... 2. 2 List of acronyms ........................................ ........................................ ............................. 6. 3 Background ........................................ ........................................ .................................... 8. 4 Objectives ........................................ ........................................ ...................................... 9. 5 Scope and methodology ........................................ ........................................ ................. 9. 6 Analysis of selected subtopics.
purposes (if applicable) . ESMA emphasise the importance of explaining the quantitative and qualitative factors applied, including the length of the “cure” period, and any material differences in the application of the factors across portfolios. Banks that grouped financial
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