FSI paper offers lessons from Asia for IFRS 9 transition
Jurisdictions may wish to draw on Asian approach to provisioning when moving to IFRS 9
The move to International Financial Reporting Standard 9 (IFRS 9) in 2018 poses a host of challenges for regulators and financial firms, but the experience of Asian economies may be of use, according to a paper published by the Financial Stability Institute.
Financial Stability Institute chair Fernando Restoy and co-author Raihan Zamil lay out some of the challenges facing regulators and present the results of a survey of Asian regulators, who have taken several steps to overcome the
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