TITLE

The IFRS9 Standard: Assessment of the Impacts on the European Banking Industry

AUTHOR(S)
Maria, Halep
PUB. DATE
January 2015
SOURCE
Ovidius University Annals, Series Economic Sciences;2015, Vol. 15 Issue 1, p930
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Since the 2008 World Financial Crisis, the banking industry went through an ongoing transformation process, accelerated by increasing supervision and regulation, especially in the EU. The latest innovation is the IASB IFRS9 Standard, which should by applied starting from 2018 (subject to European amendment, yet to come). The aim of this article is to assess the impacts of the IFRS9 Standard on the European banking industry. Section 1 draws the general landscape and explains the environment surrounding the IFRS9 Standard's birth. Section 2 studies the main steps of the IFRS9 Standard, and its implications, both in terms of classification and measurement as well as in credit risk impairment. Section 3 focuses on implementation challenges posed by the Standard. Section 4 considers the costs and benefits of the norm implementation, both at the credit institution level and for the European banking industry as a whole. Section 5 concludes.
ACCESSION #
109001036

 

Related Articles

  • La titulización como mecanismo de GESTIÓN crediticia: Análisis de sus consecuencias contables a través de un caso práctico. Pérez Rodríguez, Pablo // Revista Contable;may2015, Issue 33, p18 

    No abstract available.

  • Una interpretación heterodoxa de la crisis financiera global. Vite Pérez, Miguel Angel // Espiral;sep-dic2012, Vol. 19 Issue 55, p9 

    The objective of the article is to study some aspects of the world financial crisis, considered as part of a process that turned out to be favorable for the consolidation of the Anglo-Saxon banking hegemony, based on the expansion of the financing of social life. This was possible due to the...

  • Credit Risk Determinants for the Bulgarian Banking System. Nikolaidou, Eftychia; Vogiazas, Sofoklis // International Advances in Economic Research;Feb2014, Vol. 20 Issue 1, p87 

    Using an autoregressive distributed lag model, this paper examines the factors that influence the credit risk of the Bulgarian banking system over the decade 2001-2010, as measured by non-performing loans. Recent papers aim to identify the determinants of non-performing loans using a...

  • Doubts About U.S. Economy Cloud the Credit-Quality Forecast. Davis, Paul // American Banker;12/28/2009, Vol. 174 Issue 228, p1 

    The article reports on U.S. banking trends involving the global financial crisis which began in 2008. It is said that banks got rid of many bad loans in 2009, and there was a consensus among bankers, as of December 2009, that credit problems could be largely resolved by the beginning of 2011....

  • Fair deal? Cahan, Steve // Chartered Accountants Journal;Mar2011, Vol. 90 Issue 2, p50 

    The article focuses on the aspects of fair value accounting amidst the global financial crisis. It says that the European Banking Federation, in 2008, called for the amendment of fair value accounting rules because fair value accounting worsened the impact of the crisis on financial and...

  • ROCES SOBRE REGLAS. BUCHANAN, RONALD; BUSSEY, JANE // Latin Trade (Spanish);may/jun2010, Vol. 18 Issue 3, p38 

    No abstract available.

  • The Role of Corporate Governance on the Reduction of the Global Financial Crisis Implications: Evidence from Banking Sector of Jordan. Al-Sa'eed, Mo'taz Amin // International Journal of Business & Management;Mar2012, Vol. 7 Issue 4, p193 

    This study aims to determine the role of Corporate Governance on the reduction of the global financial crisis implications on the Banking Sector of Jordan; in addition to that, it aims to review the latest CBJ regulation and directions which were issued during 2009 in order to motive the...

  • Marktdatenbasierte Frühwarnsysteme als Antwort auf die Finanzkrise. Demski, Carsten // Risiko Manager;2011, Issue 23, p22 

    The article discusses a new Market-based early warning system, which allows creditors to predict general credit risks and anticipate ratings shifts in their customers, and argues that the system is the answer to the financial crisis. Through this system market data is automatically analyzed,...

  • CREDIT RISK ASSESSMENT IN THE ROMANIAN BANKING SYSTEM. EVIDENCE FROM THE RECENT FINANCIAL CRISIS. Avadanei, Anamaria // Centre for European Studies (CES) Working Papers;2011, Vol. 3 Issue 4, p468 

    The financial crisis followed by the recession has adversely affected the quality of Romanian banking assets. The aim of this paper is to point out the implications of credit risk in the Romanian banking system following the accelerate dynamics of credit activity before the financial crisis and...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics