IFRS 9 introduces a new impairment model based on expected credit losses, and introduces new requirements on the classification of financial assets
Discussion paper sets out three alternatives
European financial regulators’ new guidance focuses on ensuring financial services institutions’ management is up to the task
The complexity speculative products means it may be difficult for the majority of retail investors to understand the risks involved
Draft guidelines amid to address the increasing complexity with the banking industry and at individual institutions
Proposed guidelines aim to safeguard investors
Consultation period closes Dec. 5
Proposals could cause investors to lose money
The period of ultra-low rates within Europe is likely to be prolonged
Joint committee cites low yields, low growth and other risks to EU financial system