Home PrintSearch
Resize Text
European Financial Services Round Table
 





Friday, March 27, 2020
EFR Letter to the Chair of the International Accounting Standards Board addressing the application of IFRS 9 in the context of the economic fall-out of the Coronavirus Crisis

Asking guidance on application of IFRS 9

The EFR asks the Chair of the International Accounting Standards Board to give clarity on how to handle in a consistent and flexible manner the application of the IFRS 9, in order to avoid unintended consequences (i.e. pro-cyclical effects), exacerbating even further the negative effects stemming from the sharply deteriorated economic outlook.

This request is done in the context of the many measures that have been taken in light of economic fall-out of the COVID-19 crisis.