Accounting and Control

Comments on the Potential Procyclical Effect of IFRS 9 During the COVID-19 Crisis

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Some predicted new accounting standard IFRS 9 could constrain lending, hit banking earnings and harm the economy during times of crisis. Now, amid the COVID-19 outbreak, will this prediction come true? Our analysis points to yes, under certain conditions.
Bibliographic citation: López Espinosa, G.; Ormazábal, Gaizka; Sakasai, Yuki, "Comments on the Potential Procyclical Effect of IFRS 9 During the COVID-19 Crisis", 03/2020
Date: 26/03/2020
Author(s): López Espinosa, G.; Ormazábal, Gaizka; Sakasai, Yuki
Document type: Occasional Paper
Sector: Commercial and saving banks
Languages: English