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Credit Risk and IFRS : The Case of Credit Default Swaps
Bhat, Gauri - 2014
This study compares the pricing of credit risk information conveyed by accounting numbers under IFRS relative to local … to and after IFRS adoption, the adoption of IFRS did not change the credit risk informativeness of these accounting …
Persistent link: https://www.econbiz.de/10013069470
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Testing the Transparency Implications of Mandatory IFRS Adoption : The Spread/Maturity Relation of Credit Default Swaps
Bhat, Gauri - 2015
This study tests whether IFRS adoption increased accounting transparency based on model-driven hypotheses. Duffie and … specific ways. Consistent with their model, we find that CDS spreads are lower across maturities following the adoption of IFRS …/maturity relation of a control sample of CDS instruments. Predicted changes apply more intensely to firms with low pre-IFRS transparency …
Persistent link: https://www.econbiz.de/10013018511
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Testing the Transparency Implications of Mandatory IFRS Adoption : The Spread/Maturity Relation of Credit Default Swaps
Bhat, Gauri - 2015
This study tests whether IFRS adoption increased accounting transparency based on model-driven hypotheses. Duffie and … specific ways. Consistent with their model, we find that CDS spreads are lower across maturities following the adoption of IFRS …/maturity relation of a control sample of CDS instruments. Predicted changes apply more intensely to firms with low pre-IFRS transparency …
Persistent link: https://www.econbiz.de/10013033354
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Moving toward the Expected Credit Loss Model under IFRS 9 : Capital Transitional Arrangement and Bank Systematic Risk
Dong, Minyue; Oberson, Romain - 2021
Banking Supervision, in response to the introduction of the International Financial Reporting Standard 9 (IFRS 9), which … related to regulatory constraints implied by the application of IFRS 9. We further find that banks that adopted the CTA (CTA … CTA policy under the mandatory application of IFRS 9 …
Persistent link: https://www.econbiz.de/10013224582
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Accounting for financial stability : lessons from the financial crisis and future challenges
Bischof, Jannis; Laux, Christian; Leuz, Christian - 2020
This paper examines banks' disclosures and loss recognition in the financial crisis and identifies several core issues for the link between accounting and financial stability. Our analysis suggests that, going into the financial crisis, banks' disclosures about relevant risk exposures were...
Persistent link: https://www.econbiz.de/10012241734
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The effects of the financial crisis on cooperative banks in Europe - a critical comparison
Henselmann, Klaus; Ditter, Dominik; Lupp, Philipp - 2016
The financial crisis has highlighted the necessity of discussions on the adequacy of banking regulation and accounting standard-setting for financial institutions. We compare the development of several variables in this context between commercial banks, cooperative banks and savings banks from...
Persistent link: https://www.econbiz.de/10011697409
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Accounting for financial stability : lessons from the financial crisis and future challenges
Bischof, Jannis; Laux, Christian; Leuz, Christian - 2018
This paper investigates what we can learn from the financial crisis about the link between accounting and financial stability. The picture that emerges ten years after the crisis is substantially different from the picture that dominated the accounting debate during and shortly after the crisis....
Persistent link: https://www.econbiz.de/10012011324
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CECL and the credit cycle
Loudis, Bert; Ranish, Ben - 2019
We find that that the Current Expected Credit Loss (CECL) standard would slightly dampen fluctuations in bank lending over the economic cycle. In particular, if the CECL standard had always been in place, we estimate that lending would have grown more slowly leading up to the financial crisis...
Persistent link: https://www.econbiz.de/10012182062
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Can Accounting Regulation Strengthen Resilience? The Impact of IFRS 9 Adoption on Loan Loss Provisioning and Bank Behavior
Mies, Michael; Menk, Michael Torben - 2023
. Thus, this paper provides early empirical evidence of the IFRS 9 transition for bank supervisors, governments, and …
Persistent link: https://www.econbiz.de/10014349809
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Does IFRS 9 increase banks' resilience?
Kund, Arndt-Gerrit; Rugilo, Daniel - 2023
IFRS 9 substantially affects the financial sector by changing the impairment methodology for credit losses. This paper … analyzes the implications of the change from IAS 39 to IFRS 9 in the context of bank resilience. We shed light on two effects … only recognized with hindsight, and thus late and abruptly. IFRS 9 was designed to mitigate this issue through a staging …
Persistent link: https://www.econbiz.de/10014230334