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An Overview of the Impact of MFRS 9 Financial Instruments, 4 December 2018


Date:
4 December 2018 (Tuesday)
Venue: Connexion Conference & Event Centre @ The Vertical, Bangsar South, Kuala Lumpur

On 24 July 2014, the International Accounting Standards Board (IASB) issued the final version of IFRS 9 Financial Instruments [which was issued by the Malaysian Accounting Standards Board (MASB) on 17 November 2014 as MFRS 9], bringing together the classification and measurement, impairment and hedge accounting topics of the IASB’s project to replace IAS 39 Financial Instruments: Recognition and Measurement (the MFRS 139 in Malaysia) and all previous versions of IFRS 9. An Overview of the Impact of MFRS 9 FINANCIAL INSTRUMENTS The announced mandatory adoption date of January 2018 has caused many financial institutions to plan for the implementation of IFRS 9 since then. It generally requires three years of preparation, assuming two years to implement and one year of parallel run, to ensure complete readiness. This workshop seeks to discuss the impact of MFRS 9 on data, systems, models, investment portfolio, impairment allowance level (with the new expected loss concept), profit or loss volatility, regulatory capital and related KPIs when MFRS 9 is adopted.


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