Description |
1 online resource (41 pages) |
Series |
IMF working paper, 1018-5941 ; WP/14/170 |
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IMF working paper ; WP/14/170.
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Contents |
Cover; Contents; I. Introduction; II. A World of Dual Provisioning Approaches: IFRS and the Basel Regime; A. IFRS -- IAS 39; B. The Basel Regime; C. Where Do They Meet and Clash?; III. The New Accounting Credit Loss Recognition Framework-IFRS 9; Boxes; 1. Guiding Principles for the Replacement of IAS 39; IV. Implications for Supervisors; A. Balancing Accounting and Regulatory Approaches; 2. Provisioning and Supervisory Practices; B. Balancing Provisioning and Capital Requirements; C. Dealing With Common Provisioning Issues in Countries Implementing IFRS; 3. Capitalization versus Provisioning |
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Table1. Summary of Common Provisioning Issues under IAS 39; V. Summary and Concluding Remarks; Annexes; 1. Supervisory Powers in Loan Loss Provisioning in Selected Countries; 2. Common Provisioning Issues in Countries Implementing IFRS; 2.1. When a Country Transitions from Local GAAP to IFRS; 2.2. Financial and Regulatory Reporting Implications; 2.3. Interest Income on Impaired Loans -- to Accrue or not to Accrue; 2.4. Uncollectible Loan Write-off; Annex Box; A1. Benefits of Timely Write-off of Uncollectible Loan; 2.5. Valuation and Sale of Collateral in Possession; 2.6. Restructured Loans |
Summary |
Countries implementing International Financial Reporting Standards (IFRS) for loan loss provisioning by banks have been guided by two different approaches: International Accounting Standards (IAS) 39 and Basel standards. This paper discusses the different accounting and regulatory approaches in loan loss provisioning, and the challenges supervisors face when there are different perspectives and lack of guidance from IFRS. It suggests actions that supervisors can take to help banks meet regulatory and capital requirements and, at the same time, comply with accounting principles.--Abstract |
Notes |
"September 2014." |
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"Monetary and Capital Markets Department." |
Bibliography |
Includes bibliographical references (pages 38-40) |
Notes |
Online resource; title from pdf title page (IMF.org Web site, viewed September 15, 2014) |
Subject |
Banks and banking -- Accounting.
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Accounting -- Standards.
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Financial statements -- Standards.
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Collecting of accounts -- Standards
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Accounting -- Standards
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Banks and banking -- Accounting
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Financial statements -- Standards
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Form |
Electronic book
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Author |
Song, Inwon, author.
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International Monetary Fund. Monetary and Capital Markets Department, issuing body.
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ISBN |
9781498379816 |
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1498379818 |
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1484381122 |
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9781484381120 |
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