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IFRS 9 year-end challenges for banks

IFRS 9 year-end challenges for banks

The story that hasn’t been told yet


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IFRS Today – KPMG’s podcast series on IFRS and financial reporting – Episode 7

In the seventh podcast of the series, Colin Martin and May Tiem Gillen take a look at the immense challenges facing banks in the run up to what will be a far from normal year end.

“IFRS 9 is the biggest incoming challenge on the radar for banks this year. The headline around that centres on telling a story that’s just never been told before.”

Colin Martin, Partner

KPMG in the UK


“If disclosures aren’t clearly framed as a story, users of financial statements could make potentially damaging conclusions on the credit quality of a bank’s portfolio, and that will impact a bank’s share price.”

May Tiem Gillen, Director

Banking Accounting Advisory Services, KPMG in the UK


For a one-page overview of all the challenges facing banks covered in this podcast, take a look at our pdf episode summary (PDF 56K KB). A full transcript (PDF 415 KB) of this episode is also available.

Visit our IFRS Today landing page to view other episodes in this series.

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