Transcription of Demystifying Expected Credit Loss (ECL)
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Demystifying Expected Credit Loss (ECL)
July Demystifying Expected Credit Loss (ECL) 2017 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ( KPMG International ), a Swiss entity. All rights reserved. 2017 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ( KPMG International ), a Swiss entity. All rights Reserve Bank of India (RBI) has announced the roadmap for adoption of the Indian Accounting Standards (Ind AS) that converges with the International Financial Reporting Standards (IFRS) from April 2018. Among the Ind AS standards, the standard on Financial Instrument: Ind AS 109 (similar to IFRS 9) significantly impacts financial services AS 109 introduces a requirement to compute Expected Credit Loss (ECL) on all financial assets, at the time of origination and at every reporting date.
origination, pricing of loans, Internal Capital Adequacy Assessment Process (ICAAP), capital planning evaluation of key performance indicators. Decisions based on incorrectly designed or implemented methodology to compute and interpret expected credit loss may negatively affect financial entities. An inaccurate estimation of ECL can affect earnings
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