IFRS9 Matters: Impact on Asset and Treasury Management

The mandatory adoption of IFRS9 (a comprehensive accounting standard on financial instruments), which has been postponed since 2013, will become effective in 2018. There are significant areas that require special attention of the asset and treasury managers. The seminar will cover:

• From IAS39 to IFRS9 - the journey of mark-to-market accounting for financial instruments
• Impact to the asset managers (insurance companies, pension fund, banks, broker dealer, hedge funds, bond funds etc.) - the types of risks they face and how IFRS9 will affect AUM (asset under management), NII (net investment income), RGL/URGL (realised and unrealised gain and loss) and therefore investment performance
• Impact to the treasurers - the risks they need to manage and how IFRS9 will affect their hedging strategy
• The way forward

Speaker:   Mr Peter Wong - Director of PricewaterhouseCoopers Consulting Hong Kong Limited, Member of HKMA/TMA Working Group on Corporate Treasury Development   Registration please click here.   About Financial Incentive Scheme of the WAM Pilot Programme “IFRS9 Matters: Impact on Asset and Treasury Management” is one of the eligible courses/programmes under the financial incentive scheme of the WAM Pilot Programme. In-service practitioners of the financial services industry will be eligible for the Scheme. They will be reimbursed 80% of the course fees, subject to a maximum of $7,000 (whichever is the lower) upon satisfactory completion of a course or seminar under the selected programmes of the Scheme. Each individual may apply for fee reimbursement for more than one course/seminar, up to a ceiling of $7,000 per person over the three-year period of the Scheme. Application to reimburse the course fees, together with the required documents, must be submitted within four months from the last day of the seminar attended. Eligible individual can apply for reimbursement upon satisfactory completion of the seminar. Please refer to the WAM Pilot Programme website (Financial Incentive Scheme) for application details.