... classification and measurement approach, a modified impairment model based on expected credit losses, and an improved hedge accounting framework. Stakeholders, particularly banks, raised concerns about the complexity of the Expected Credit Loss (ECL) model and its potential impact on financial statements...

... asset reclassifications and estimated impairment using the new expected credit loss (ECL) model are presented. Multivariate analyses on the disposal of available-for-sale (AFS) and fund investment post-announcement and the value relevance of impairments to financial assets post-implementation...