Modules

Module 1: Introduction to IFRS 9 for Central Banks

• Overview of IFRS 9: Objectives and Scope
• Key Changes from IAS 39 to IFRS 9
• Importance of IFRS 9 for Central Banks
• Implementation Timeline and Transitional Provisions

Module 2: Classification and Measurement of Financial Instruments

• Criteria for Classification and Measurement under IFRS 9
• Business Model Assessment and Contractual Cash Flow Characteristics
• Amortized Cost, Fair Value Through Other Comprehensive Income (FVOCI), and Fair Value Through Profit or Loss (FVTPL)
• Practical Examples and Case Studies on Classification and Measurement

Module 3: Impairment of Financial Assets

• Expected Credit Loss (ECL) Model: Overview and Stages
• Measuring Expected Credit Losses: 12-month ECL vs. Lifetime ECL
• Significant Increase in Credit Risk and Default Definitions
• Practical Application of ECL Model for Central Banks
• Disclosures Related to Impairment

Module 4: Hedge Accounting under IFRS 9

• Overview of Hedge Accounting Principles
• Types of Hedges: Fair Value Hedges, Cash Flow Hedges, and Net Investment Hedges
• Accounting for Hedging Instruments and Hedged Items
• Effectiveness Testing and Rebalancing
• Practical Examples and Case Studies on Hedge Accounting

Module 5: Practical Implementation and Reporting

• Practical Challenges and Solutions in Implementing IFRS 9
• Integrating IFRS 9 into Central Bank Financial Reporting Processes
• Enhancing Transparency and Disclosure Requirements
• Recent Developments and Amendments in IFRS 9
• Best Practices and Lessons Learned from Central Banks Worldwide