Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/246137 
Title (translated): 
How does IFRS 9 affect banks' impairment recognition in bad times?
Year of Publication: 
2019
Series/Report no.: 
Staff Memo No. 9/2019
Publisher: 
Norges Bank, Oslo
Abstract (Translated): 
IFRS 9 has changed the way banks recognise credit losses. Under IFRS 9, credit impairment shall be based on more forward-looking assessments by including recognition of expected credit losses. The purpose of this memo is to analyse how IFRS 9 affects the path of Norwegian banks' credit losses in bad times. We analyse the effects of IFRS 9 by calculating and comparing the paths of banks' credit losses under IAS 39 and IFRS 9 in the period 2001-2017. Our results suggest that IFRS 9 may increase impairment losses both immediately prior to and during bad times with increased credit risk.
Subjects: 
IFRS 9
IAS 39
credit losses
enterprises
credit risk
Persistent Identifier of the first edition: 
ISBN: 
978-82-8379-118-1
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Research Report
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