Effective from January 1, 2018, IFRS 9 changed banks' accounting for the impairment of financial assets by replacing … the incurred credit loss (ICL) model with the expected credit loss (ECL) model, which enhances the timeliness of … ECL model on loan loss recognition timeliness (LLRT). The results of our difference-in-differences analysis reveal that …

Our objective is to test-bed the new Expected Credit Loss (ECL) and Current Expected Credit Loss (CECL) models for bank … credit loss accounting to identify the potential consequences of their implementation. In particular, whether and how ECL and … CECL approaches could lead to divergence in credit loss accounting practices in the U.S. relative to the rest of the world …