Regulatory Alerts2023-06-05
Guidelines of IFRS 9 (2023)
The BNR issues these 2023 guidelines to standardize the application of IFRS 9 impairment requirements for financial assets. Institutions must classify exposures into three stages based on credit risk deterioration, applying twelve-month expected losses to performing assets with low credit risk and lifetime expected losses to those with significant deterioration or credit impairment. The framework mandates continuous assessment of low credit risk at each reporting date to determine stage transitions and ensure accurate provisioning against expected credit losses.
Share