Impairments of Greek Government Bonds under IAS 39 and IFRS 9: a case study

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 20
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. 
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Metadaten
Author:Günther Gebhardt
URN:urn:nbn:de:hebis:30:3-390672
URL:http://safe-frankfurt.de/de/policy-center/publikationen/detailsview/publicationname/impairments-of-greek-government-bonds-under-ias-39-and-ifrs-9-a-case-study.html
Parent Title (English):SAFE white paper series, 30
Series (Serial Number):SAFE white paper series (30)
Publisher:SAFE
Place of publication:Frankfurt am Main
Document Type:Working Paper
Language:English
Date of Publication (online):2015/11/20
Date of first Publication:2015/11/20
Publishing Institution:Universitätsbibliothek Johann Christian Senckenberg
Release Date:2016/01/12
Tag:IFRS 9; credit losses; government bonds
Pagenumber:54
HeBIS PPN:383662230
Institutes:Wirtschaftswissenschaften
House of Finance (HoF)
Center for Financial Studies (CFS)
Sustainable Architecture for Finance in Europe (SAFE)
Dewey Decimal Classification:330 Wirtschaft
Sammlungen:Universitätspublikationen

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