131. IFRS 9, paragraph B5.5.15, states that ´an entity shall consider reasonable and supportable …

IFRS 9, paragraph B5.5.15, states that ´an entity shall consider reasonable and supportable information that is available without undue cost and effort´ and that ‘an entity need not undertake an exhaustive search for information when determining whether credit risk has increased significantly since initial recognition’. Credit institutions should not read these statements restrictively and should develop systems and processes that use all reasonable and supportable information that is relevant to the group of exposures or individual exposure, as needed to achieve a high-quality, robust and consistent implementation of the accounting requirements. Nevertheless, additional cost and operational burden do not need to be introduced where they do not contribute to a high-quality implementation of IFRS 9.

‘Low credit risk’ exemption

1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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