IFRS 9 Financial Instruments
Course description
SPECIAL SUMMER PROMOTION – REGISTER BY 1 SEP & SAVE £200!
Join this practical 1 day workshop with a senior City expert to Master IFRS 9 — from classification and ECL to regulatory readiness and practical application.
This workshop gives finance, risk, and treasury professionals a thorough and practical grounding in IFRS 9 Financial Instruments, with a focus on the requirements that matter most for FCA solo-regulated and FCA/PRA dual-regulated firms. The course moves beyond a general familiarity with the standards, and provides practical implementation frameworks for organisations’ balance sheets, loan books, and regulatory reporting obligations.
The programme provides a comprehensive overview of the full IFRS 9 framework, including regulatory imperatives for IAS39 to IFRS9, classification and measurement requirements, and the expected credit loss (ECL) impairment model. The ECL sessions cover the three-stage model in detail, including PD/LGD/EAD model construction, macroeconomic overlay design, staging criteria, and the governance and documentation standards that auditors and regulators now routinely test.
The course focuses on IFRS 9 within the wider UK/EU regulatory environment. For FCA solo-regulated firms the conduct and consumer credit framework impacts are detailed, for dual-regulated firms the PRA’s prudential requirements are described, including the interaction between ECL provisions and COREP/FINREP reporting, ICAAP, and regulatory capital. The course also covers securitisation structures, hedge accounting, and IFRS 7 disclosure requirements.
Sessions are built around worked examples, Excel exercises, and case studies from finance, consumer credit, and specialist lending markets.
What will you learn
By attending this practical 1 day workshop you will be able to:
- Understand the IFRS 9 framework and its interaction with UK FCA, PRA and regulatory reporting requirements.
- Apply classification and measurement principles, including business model, SPPI, EIR and fair value assessments.
- Understand and apply the three-stage ECL impairment model, including SICR and staging requirements.
- Assess and apply PD, LGD and EAD methodologies to calculate and validate ECL provisions.
- Evaluate forward-looking information, macroeconomic assumptions, overlays and model adjustments within ECL.
- Apply IFRS 9 requirements to specialist lending, securitisation and transferred asset arrangements.
- Establish effective governance, controls, documentation and audit readiness for IFRS 9 models and processes.
- Identify key regulatory developments and emerging risks, including climate risk, Basel 3.1 and reporting changes.
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Main topics covered during this training
- IFRS 9 regulatory framework and UK / EU requirements — FCA, PRA, COREP, FINREP and IFRS 7
- Classification and measurement — amortised cost, FVOCI, FVTPL, business models, SPPI and EIR
- Expected Credit Loss (ECL) impairment — staging, SICR, PD/LGD/EAD, forward-looking information and overlays
- Specialist lending applications — HP, PCP, non-prime, bridging and trade receivables
- Securitisation and transferred assets — derecognition, continuing involvement, ECL and disclosures
- Governance, controls and audit readiness — model governance, validation, documentation, audit and FCA/PRA scrutiny
- Emerging developments and practical application — IASB review, Basel 3.1, climate risk, reporting changes and case studies
Who should attend
The course is suitable for CFOs, Financial Controllers, Finance Managers, Credit Risk Officers, Treasury and ALM professionals, Internal Auditors, Compliance Officers, and Regulatory Reporting teams at:
- FCA solo-regulated consumer credit firms, specialist lenders, and non-deposit-taking finance houses, including motor finance, personal finance, and asset finance businesses.
- FCA/PRA dual-regulated banks, building societies, and credit institutions subject to PRA prudential requirements and COREP/FINREP reporting.
- Investment firms and asset managers with financial instrument holdings that fall within the scope of IFRS 9 classification and impairment.
IFRS 9 Financial Instruments - A 1 Day Training Course
IFRS 9 — Regulatory Background and Context
- Why IAS 39 was replaced: the policy case for IFRS 9, the role of the financial crisis, and what changed
- How the standard is structured: classification and measurement, impairment, and hedge accounting
- Scope: financial assets, financial liabilities, and the instruments subject to impairment
- The UK regulatory picture: FCA conduct obligations, PRA prudential requirements, and IFRS 9 requirements
- Solo-regulated vs dual-regulated firms: how the obligations and reporting frameworks differ in practice
- IFRS 9 and regulatory reporting: what flows into COREP, FINREP, and IFRS 7
- Auditor and regulatory scrutiny, and “proportionality” arguments
- Worked example: IFRS 9 implementation case study for a UK specialist lender, covering decisions made, challenges encountered, and lessons learned
Classification and Measurement of Financial Instruments
- The three measurement categories — amortised cost, FVOCI, and FVTPL
- Business Model Assessment: ‘hold to collect’, ‘hold to collect and sell’, and other models in practical frameworks
- SPPI test: Workings, common failure points, and application to loan portfolios, HP receivables, and structured instruments
- Classification of financial liabilities, including the own credit risk requirements
- Effective Interest Rate (EIR) method: calculating EIR correctly, treatment of acceptance fees, origination costs, and direct transaction costs
- Revenue recognition for Stage 3 assets: the difference between net and gross presentation and application
- Reclassification: what triggers a reclassification, accounting treatment on transfer
- Fair value measurement for FVOCI and FVTPL portfolios: key judgements and disclosure implications
- Worked examples using Hire Purchase receivables, trade receivables, debt securities, and structured funding instruments
Impairment and the Expected Credit Loss (ECL) Model
- Shift from incurred loss to expected credit loss under IFRS 9
- The three-stage model: Stage 1 (12-month ECL), Stage 2 (lifetime ECL, performing), and Stage 3 (lifetime ECL, credit-impaired) — definitions, mechanics, and common misapplications
- Significant Increase in Credit Risk (SICR): Criteria, absolute vs relative assessments, and acceptable qualitative triggers
- 30-day and 90-day presumptions: Regulatory basis, audit and regulatory expectations, building a defensible case for sub-90-day staging threshold in non-prime and specialist portfolios
- Curing: Evidence requirements, governance requirements around curing decisions
- PD, LGD, and EAD: Comprehensive overview of calculations, combination producing an ECL estimate
- 12-month vs lifetime ECL: when each applies, how to calculate them, and how to segment a portfolio appropriately
- Calibrating PD/LGD/EAD models for different book types: prime, near-prime, non-prime, HP, PCP, and bridging
- Credit scores and bureau data as PD inputs: audit and regulatory triggers
- Macroeconomic overlays: Requirements, selection and weighting of forward-looking variables (unemployment, inflation, interest rates, collateral values), common methodology weaknesses
- Post-model adjustments and management overlays: Use cases, supporting documentation, and governance requirements
- Simplified approach for trade receivables: provision matrix design and application
- Backtesting: Building a credible backtesting programme, frequency and reporting
- IFRS 7 disclosure: ECL reconciliation tables, staging movement analysis, and sensitivity disclosures
- Practical exercises: building and running PD/LGD/EAD calculations, staging loans, and computing ECL provisions
Securitisation, Transferred Assets, and Financial Reporting
- How securitisation structures interact with IFRS 9 classification and derecognition
- Derecognition conditions for transferred assets to be off-balance sheet, continuing involvement accounting scenarios
- Pass-through arrangements: accounting treatment and the disclosure requirements that follow
- Securitisation and the ECL model: Staging, Provisioning, and model design
- Interest income recognition under a securitised funding structure
- IFRS 7 disclosure for transferred assets and securitisation exposures, Hedge accounting under IFRS 9 Chapter 6
- Practical scenarios for impairment, amortisation, securitisation, and credit rating change triggers
Governance, Controls, and Audit Readiness
- IFRS 9 governance framework: model ownership, documentation, approval, and the three lines of defence applied to ECL
- Model risk management for ECL: independent validation, ongoing monitoring, and escalation
- Detailed Documentation structure for audit and regulatory review and scrutiny
- How credit risk, finance, and treasury need to work together on ECL inputs: clarifying who owns what and where gaps typically appear
- Internal and External Audits: Key requirements, management letters and responses, clear remediation pathway
- FCA and PRA supervisory expectations: Section 166 skilled person reviews, ICAAP treatment of ECL provisions for dual-regulated firms, provisions into regulatory capital
- COREP and FINREP for dual-regulated firms, Consumer Duty and IFRS 9
- Case studies: what went wrong with ECL governance at other firms, regulatory response and remediation
Consolidation, Horizon Scanning, and Next Steps
- IASB’s post-implementation review of IFRS 9
- IFRS 9 and IFRS 17 for dual-regulated insurance groups
- Regulatory developments: PRA stress testing requirements, climate risk and its treatment in ECL models, and Basel 3.1 changes for provisions in capital calculations
- Upcoming changes to COREP/FINREP: EBA taxonomy updates and the PRA’s regulatory reporting simplification programme
- Reference materials: IASB guidance notes, FCA and PRA supervisory statements, EBA ECL guidelines, and IFRS 7 disclosure checklists
Trainer
The course director is a successful industry expert and program director with over 20 years of experience leading successful multi-disciplinary initiatives to achieve regulatory compliance and strengthen performance for asset managers, wealth managers, hedge funds, insurers, banks and brokerages. Subbu specialises in Asset Management Target Operating Model and Governance; sophisticated portfolio management and Structuring strategies, Risk Management and Yield enhancement within the Investment Management product lifecycle. Subbu has led numerous strategic initiatives with firms such as Ruffer, Barclays, HSBC, Deutsche Bank, M&G and T Rowe Price. He is a member of industry associations such as the Investment Association, Irish Funds, ALFI and AIMA, and a part of the ESMA working groups
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See our Customer Loyalty Discounts page for more details.
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If there is any official travel restriction or difficulty related to the COVID pandemic around the time of the course we will convert the training into a webinar or offer to attend the next classroom edition at no extra cost.
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All our trainers have been working for many years in their respective sectors before they begun to teach so they bring a wealth of practical experience to the classroom.
Most of them used to work for 15 or more years in the financial sector and corporate world, and were holding positions of Directors, VP and Senior Managers. Some of them have published books and have written articles for specialised magazines and newspapers including FT, The Independent, The Times etc. You can find detailed biography of each trainer on the page of the course you want to register for.
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24 Nov 2026, Virtual / Online
Register by 01 Sep to save £200
Early bird price £895 + VAT
Regular price £1095 + VAT
5% discount for 2 and 10% for 3 people
This topic can be arranged on in-house basis. If you have a group of 4 or more we can customise it and deliver in any location worldwide. Contact us to discuss your requirements
