NBU postpones application of sanctions to banks in violation of re-classification of financial tools meeting IFRS9
The National Bank of Ukraine (NBU) would not apply sanctions to banks for violation during the re-classification and re-assessment of financial tools to meet IFRS9 in the first quarter of 2018.
The central bank said on its website that the decision is outlined in NBU Board resolution No. 1 dated January 12, 2018 on some issues linked to the introduction of the international financial reporting standard 9 (IFRS) entitled "Financial Tools."
As reported, Ukrainian banks since January 1, 2018 are obliged to switch to the international standard of financial reporting IFRS9. The relevant transition includes the reclassification of a number of financial assets, new principles for assessing credit risks, as well as a change in the volatility of profit indicators and basic indicators of financial institutions.
Advertising
Advertising
MORE ABOUT
NBU lifts restrictions on import of works, services; introduces other currency concessions
21:01, 03.05.2024
NBU requires Getin Holding to sell Idea Bank within six months
10:09, 03.05.2024
NBU completing development of bill on war risk insurance system in Ukraine
16:21, 30.04.2024
Court to hear dispute between Paseniuk and NBU regarding Avangard bank in closed-door session
19:28, 09.04.2024
Amount of losses from financial fraud in 2023 grows by 73% – NBU
17:56, 02.04.2024
LATEST
Invaders shell two villages in Kharkiv region, pensioner injured – Synehubov
17:40, 04.05.2024
Two Russian ships on combat duty in Mediterranean Sea, one of them is Kalibr carrier – Ukrainian Navy
16:34, 04.05.2024
Energy infrastructure of Dnipropetrovsk region attacked – Ministry of Energy
16:06, 04.05.2024
In Kropyvnytsky district, 20 private houses damaged as result of missile strike on Friday – local authorities
15:45, 04.05.2024
Average daily number of Russian losses in Ukraine in May-June likely to increase along with resumption of offensive operations - British intelligence