IFRS 9 Compliance: A Continuing Saga
A new set of international reporting standards goes into effect for Canadian financial services institutions late next year. With those standards come new complexities and risks, new data and analytics requirements, and new business opportunities for banks that can get ahead of the curve by modernizing their accounting and risk management platforms and putting those platforms to innovative use. To explore these challenges and opportunities, IIA spoke with Darryl Ivan, National Lead, Risk Management, SAS Canada.
Please describe IFRS 9 and what it means for financial institutions.
IFRS 9 is a new set