2016-06-30

IFRS 9 Financial Instruments and Disclosures

The Office of the Superintendent of Financial Institutions (OSFI) issued this guideline to establish supervisory expectations for Federally Regulated Entities applying the Fair Value Option and Expected Credit Loss model under IFRS 9. Replacing prior IAS 39 directives, the framework mandates robust credit risk assessment, reliable fair value estimation, and transparent disclosures to ensure timely allowance recognition. Institutions must implement comprehensive risk management systems, integrate forward-looking macroeconomic data, and apply proportionate methodologies aligned with their specific risk profiles and operational complexity.

Canada

Office of the Superintendent of Financial Institutions

Show thumbnailShow full textSourceAdd to collection

Show thumbnail