IFRS 9

The Central Bank of the UAE (CBUAE) has consistently emphasized robust financial reporting and risk management within the nation’s banking sector. For financial institutions operating in the UAE, understanding and meticulously adhering to CBUAE’s expectations for IFRS 9 compliance is not merely a regulatory obligation but a cornerstone of sound financial health and operational resilience. […]

The Saudi Central Bank (SAMA) has set clear and robust expectations for model governance under IFRS 9, reflecting the increasing complexity and significance of financial models in risk management and financial reporting. IFRS 9, with its forward-looking approach to impairment, demands sophisticated models to estimate Expected Credit Losses (ECLs). Effective model governance is therefore not […]

In the evolving landscape of Saudi Arabia’s financial sector, the transition to IFRS 9 Financial Instruments has shifted the paradigm from “incurred loss” to a forward-looking Expected Credit Loss (ECL) framework. For Saudi banks, this isn’t just an accounting change; it’s a rigorous regulatory mandate overseen by the Saudi Central Bank (SAMA). Ensuring these complex […]

The implementation of IFRS 9 Financial Instruments brought significant changes to how financial institutions in Saudi Arabia account for expected credit losses (ECL). The Saudi Central Bank (SAMA) has stringent requirements, moving beyond basic compliance to demand robust, transparent, and auditable ECL frameworks. For many institutions, meeting these detailed requirements manually or with fragmented systems […]

The adoption of IFRS 9 Financial Instruments marked a significant shift for the Saudi Arabian financial sector, moving from an “incurred loss” model to a forward-looking Expected Credit Loss (ECL) framework. While Saudi banks and insurance companies have matured in their implementation, recent inspections by the Saudi Central Bank (SAMA) continue to highlight specific areas […]

Since January 1, 2018, the Saudi Central Bank (SAMA) has mandated the adoption of IFRS 9 for all licensed banks and financial institutions. This shift moved the Kingdom from the backward-looking “incurred loss” model to a proactive, “Expected Credit Loss” (ECL) methodology. Under Saudi Vision 2030, SAMA has intensified its oversight to ensure that the […]

The financial landscape for banks globally, and particularly in emerging markets like Kenya, has been significantly reshaped by the introduction of IFRS 9. This international financial reporting standard, which mandates a forward-looking approach to credit risk provisioning, has necessitated a more robust and dynamic framework for managing credit portfolios. A critical component of this framework […]

For decades, the “unbanked” population in Kenya faced a Catch-22: they couldn’t get credit because they had no credit history, and they had no credit history because they couldn’t get credit. However, the rise of mobile money—led by Safaricom’s M-Pesa—has created a massive digital footprint that is now being used to bridge this gap. By […]

Expected Credit Loss (ECL) represents a fundamental shift in how financial institutions recognize and manage credit risk. Unlike traditional accounting approaches that recognized losses only after they occurred, ECL requires institutions to anticipate and provision for potential credit losses over the life of a financial asset. This forward-looking framework enhances transparency, strengthens financial resilience, and […]

Under IFRS 9, Expected Credit Loss (ECL) modeling is no longer just a compliance checkbox it is a critical tool for capital preservation. For Kenyan lenders, the challenge lies in balancing the diversity of the local market (from mobile micro-loans to large corporate syndications) with the technical requirements of the standard. A “one-size-fits-all” approach to […]