### Overview

- Providing an overview of the differences between IAS 39 and IFRS 9
- Discussing the approach for the general model, the model for purchased or originated credit-impaired asset and the simplified approach model

### Detailed Objectives

**A) Expected credit loss model:**

- Understand the general impairment model and the basic concept of each stage of the model
- Obtain a basic understanding what is meant by a significant increase in credit risk
- Obtain a basic understanding of the calculation of expected credit losses
- Identify the difference between regulatory probability of a default (PD) and IFRS 9 PD

**B) Disclosures**:

- Understand the disclosure requirements for expected credit losses viewed from different stakeholder groups.

**C) Implementation issues:**

- Understand the key elements to consider in modelling ECL