Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/129080
Authors: 
Gebhardt, Günther
Year of Publication: 
2015
Series/Report no.: 
White Paper Series 30
Abstract: 
IFRS 9 introduces new impairment rules responding to the G20 critique that IAS 39 results in the delayed and insufficient recognition of credit losses. In a case study of a Greek government bond for the period 2009 to 2011 when Greece´s credit rating declined sharply, this study highlights the discretion that preparers have when estimating impairments. IFRS 9 relies more on management expectations and will lead to earlier impairments. However, these appear still delayed and low if compared to the fair value losses.
Subjects: 
IFRS 9
credit losses
government bonds
Document Type: 
Working Paper

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