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IFRS 9 in China – Issues and challenges

H-share and "A+H" listed banks in China will implement the local version of IFRS 9 on January 1st, 2018. Other A-share listed banks will implement it by January 1st the following year, while non-listed banks will follow in 2021. Considering the complex changes involved and the challenges that they pose to banks, what are pending issues that they face as they prepare to implement the new requirements?

This RadioFinance session will delve into the issues and challenges arising from the implementation of the IFRS9, specifically: 

  • How IFRS9 influences the treatment of credit loss and financial results of Chinese banks?
  • What is the recommended approach to IFRS9 regarding data management and governance considering the regulatory environment?
  • What will be the impact of the IFRS9 to banks and what are lessons they can learn from early adopters?

Speakers:

William Hong is an assistant director, solutions specialist at Moody’s Analytics. Hong has extensive product knowledge in enterprise risk management solutions. He provides consultation and implementation service to financial institutions related to various risk management solutions of Moody’s Analytics including IFRS 9, Regulatory Capital and Economic Capital Management as well as ALM Asset Liabilities Management.

 

Iris Guo is a director at Moody’s Analytics Enterprise Risk Management Services. She is primarily responsible for providing implantation and advisory services to bank clients in China. She has around 15 years of extensive risk management advisory experiences. Prior to joining Moody’s, Iris was principal consultant at SunGard (now FIS) and lead the business team to successfully implemented asset and liabilities management system for various Chinese banks.

 

Moderators:

Foo Boon Ping manages The Asian Banker publication business and engages practitioners, customers, partners and the media on critical issues that impact the industry. He has more than 19 years of experience in the banking and financial services industry, specializing in strategic branding, marketing communications and consumer insight. Prior to The Asian Banker, he was at United Overseas Bank (UOB), covering Singapore and key markets in the region, such as China, Indonesia, Malaysia and Thailand.

 

Gerald Tai is senior researcher at The Asian Banker. He is primary responsible for the Chinese banking industry research, providing strategic consulting service to major banks in China. Prior to joining The Asian Banker, Tai had extensive hedge fund operations experiences in North America, specialising equity and financial derivatives valuation.

 


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