Local view for "http://purl.org/linkedpolitics/eu/plenary/2016-10-06-Speech-4-171-000"
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"en.20161006.23.4-171-000"1
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"The global financial crisis brought the role played by international financial reporting standards onto the G20 and EU agendas. It has already been decided that starting with the 1st of January 2018, a new financial instrument, IFRS 9 will replace IAS 39. I agree that IFRS 9 is an improvement to IAS 39 insofar as the move from an ‘incurred loss’ to an ‘expected loss’ impairment model addresses the problem of ‘too little, too late’ in the loan loss recognition procedure. However, on the matter of the banking sector, especially the accounting process, IFRS 9 is highly debatable and there is a lack of consensus in the opinion of experts. Therefore, I support this report, as I believe that the IASB and the EFRAG should strengthen their impact analysis capacity in order to get a better understanding of the IFRS 9 in certain areas, notably in the field of macroeconomics."@ro2
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