Publication:
Applying IFRS 9 to Central Banks Foreign Reserves

Simple item page
dc.contributor.authorWorld Bank
dc.date.accessioned2016-02-26T15:41:01Z
dc.date.available2016-02-26T15:41:01Z
dc.date.issued2016-01-20
dc.description.abstractEffective January 1, 2018, IFRS 9 Financial Instruments will replace IAS 39 Financial Instruments: Recognition and Measurement (IAS 39). Unlike most publications on IFRS 9, this paper focuses primarily on the application of the new standard on central banks’ foreign reserve assets, which increasingly constitute a substantial part of central banks’ balance sheet. Based on IFRS 9 implementation assessment projects with several central banks, the World Bank RAMP accounting team identified six factors that can help central banks determine appropriate business model for foreign reserve assets. Empirically, the result of applying the six factors has indicated that central banks’ reserve portfolios often display elements of more than one business model; hence management judgment coupled with a well-articulated accounting policy paper will be critical when implementing IFRS 9. Under most central banks reserves management frameworks, performing the solely payments of principal and interest (SPPI) test should be a relatively straightforward exercise, and the practical expedient option under the new impairment provisions should also apply.en
dc.identifierhttp://documents.worldbank.org/curated/en/2016/01/25810853/applying-ifrs-9-central-banks-foreign-reserves
dc.identifier.doi10.1596/23770
dc.identifier.urihttps://hdl.handle.net/10986/23770
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectHOLDING
dc.subjectBORROWER
dc.subjectINTEREST INCOME
dc.subjectACCOUNTING
dc.subjectDEFAULTS
dc.subjectVALUATION
dc.subjectFUTURES
dc.subjectINTEREST
dc.subjectREGULATORY STANDARDS
dc.subjectINTEREST RATE
dc.subjectOPTION
dc.subjectEXCHANGE
dc.subjectDISCOUNT RATE
dc.subjectLIQUIDITY
dc.subjectCREDIT RATING AGENCIES
dc.subjectPORTFOLIO
dc.subjectLIQUIDITY RISK
dc.subjectFINANCIAL STATEMENTS
dc.subjectMARKET INSTRUMENTS
dc.subjectCAPACITY BUILDING
dc.subjectFINANCIAL STATEMENT
dc.subjectDISCOUNT
dc.subjectCREDITWORTHINESS
dc.subjectASSET BASE
dc.subjectPROBABILITY OF DEFAULT
dc.subjectASSET MANAGEMENT
dc.subjectASSET VALUES
dc.subjectRESERVE
dc.subjectCENTRAL BANKS
dc.subjectPREPAYMENT
dc.subjectCASH FLOWS
dc.subjectINSTRUMENTS
dc.subjectLENDER
dc.subjectCREDIBILITY
dc.subjectBUDGET
dc.subjectCENTRAL BANK
dc.subjectMATURITY
dc.subjectEXTERNAL FINANCE
dc.subjectINTERNATIONAL COURT
dc.subjectDERIVATIVES
dc.subjectCREDIT RATINGS
dc.subjectCURRENCY
dc.subjectASSET PORTFOLIOS
dc.subjectDOMESTIC CURRENCY
dc.subjectNATURAL DISASTER
dc.subjectLEVEL OF CONFIDENCE
dc.subjectRESERVE BANK
dc.subjectTRANCHES
dc.subjectPORTFOLIOS
dc.subjectFINANCES
dc.subjectFOREIGN CURRENCIES
dc.subjectTRADING
dc.subjectEXTERNAL ASSETS
dc.subjectCREDIT RISKS
dc.subjectMONETARY FUND
dc.subjectMARKETS
dc.subjectDEBT
dc.subjectRETURN
dc.subjectRESERVES
dc.subjectASSET CLASSES
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCE
dc.subjectASSET CLASSIFICATION
dc.subjectFOREIGN CURRENCY
dc.subjectPROFIT MARGIN
dc.subjectTRANSACTIONS
dc.subjectINVESTMENT GUIDELINES
dc.subjectCREDIT LOSSES
dc.subjectEQUITY
dc.subjectSOVEREIGN RATINGS
dc.subjectDEBT PAYMENTS
dc.subjectCREDIT RISK ASSETS
dc.subjectSOVEREIGN DEBT
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectCREDIT LOSS
dc.subjectASSET VALUE
dc.subjectGOOD
dc.subjectTRANSPARENCY
dc.subjectFINANCIAL STABILITY
dc.subjectTRANCHE
dc.subjectMARKET DATA
dc.subjectFUTURE
dc.subjectRETURNS
dc.subjectEQUITY INVESTMENTS
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL INSTRUMENT
dc.subjectWORKING CAPITAL
dc.subjectFAIR VALUE
dc.subjectFINANCIAL ASSET
dc.subjectFINANCIAL SERVICE PROVIDERS
dc.subjectSHARES
dc.subjectBALANCE SHEET
dc.subjectMARKET
dc.subjectDEFAULT
dc.subjectCREDIT RATING
dc.subjectFOREIGN EXCHANGE
dc.subjectMARKET RISK
dc.subjectDEFAULT PROBABILITIES
dc.subjectINVESTMENT POLICY
dc.subjectRISK OF DEFAULT
dc.subjectASSET CLASSIFICATIONS
dc.subjectACCOUNTING STANDARD
dc.subjectFOREIGN EXCHANGE RESERVE
dc.subjectFINANCIAL INFRASTRUCTURE
dc.subjectCREDIT RISK
dc.subjectHOLDINGS
dc.subjectBANK PORTFOLIO
dc.subjectCURRENCIES
dc.subjectEQUITY INSTRUMENTS
dc.subjectACCOUNTING STANDARDS
dc.subjectDEBT INSTRUMENTS
dc.subjectNATIONAL BANK
dc.subjectINVESTMENT
dc.subjectBALANCE SHEETS
dc.subjectCREDIT QUALITY
dc.subjectDEBT OBLIGATIONS
dc.subjectFINANCIAL ASSETS
dc.subjectMONEY MARKET
dc.subjectFUTURE CREDIT
dc.subjectEXTERNAL DEBT
dc.subjectPROFIT
dc.subjectMONEY MARKET INSTRUMENTS
dc.subjectINVESTMENTS
dc.subjectRISK MANAGEMENT
dc.subjectLENDING
dc.subjectFINANCIAL RISK
dc.subjectASSET CLASS
dc.subjectEXCHANGE RATE
dc.subjectINSTRUMENT
dc.subjectPROFITS
dc.subjectLIABILITIES
dc.subjectCOMMODITY PRICES
dc.subjectHEDGE
dc.subjectSHORT-TERM LIQUIDITY
dc.subjectINTERNATIONAL SETTLEMENTS
dc.subjectCASH FLOW
dc.subjectPORTFOLIO MANAGEMENT
dc.subjectINVESTING
dc.titleApplying IFRS 9 to Central Banks Foreign Reservesen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleApplying IFRS 9 to Central Banks Foreign Reserves
okr.date.disclosure2016-01-20
okr.doctypeEconomic & Sector Work::Other Financial Accountability Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2016/01/25810853/applying-ifrs-9-central-banks-foreign-reserves
okr.guid982181467999355382
okr.identifier.doi10.1596/23770
okr.identifier.externaldocumentum090224b0840dfa05_1_0
okr.identifier.internaldocumentum25810853
okr.identifier.report102852
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2016/01/20/090224b0840dfa05/1_0/Rendered/PDF/Applying0IFRS00s0foreign0reserves0.pdfen
okr.topicFinance and Financial Sector Development::Financial Regulation & Supervision
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicFinance and Financial Sector Development::Capital Markets and Capital Flows
okr.topicFinance and Financial Sector Development::International Financial Markets
okr.unitReserve Advisory and Management Program (RAMP)
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
Applying0IFRS00s0foreign0reserves0.pdf
Size:
556.71 KB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
Applying0IFRS00s0foreign0reserves0.txt
Size:
52.51 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Other Financial Accountability Study