COVID-19 and IFRS 9 – emphasis on stability?

There’s been much commentary on how COVID-19 impacts on the application of IFRS 9, Financial Instruments There are various aspects to this, but for today let’s just focus on the application of the impairment model. The general approach, you recall, is to recognize expected credit losses on loans and other financial assets, updating the amount…

COVID-19 – a moment of relief

Canadian regulators recently responded to current events by issuing the following notice: In light of recent COVID-19 developments and their impact on market participants, the Canadian Securities Administrators (CSA) will provide temporary relief from some regulatory filings required to be made on or before June 1, 2020. The blanket relief will provide a 45-day extension…