Wolters Kluwer : Webinar to Address IFRS 9, New CECL Rules

As firms come to grips with accounting standards such as International Financial Reporting Standards (IFRS) 9, the recently finalized Current Expected Credit Loss (CECL) standards, and other related frameworks, they are realizing that even slight variations in how those rules are envisioned and the mechanisms instituted to achieve them are likely to create confusion and potential inconsistencies.

To learn more about these various regulatory requirements, Wolters Kluwer today announced that one of its leading experts, Jeroen Van Doorsselaere, vice president of Market Management, Risk and Finance, will host a global webinar to examine interpretations of key accounting standards now in place globally.

The 45-minute webinar, 'Accounting Standards Around the World' is being held Tuesday, June 28 at 12:00 p.m. EDT. During the webinar, Van Doorsselaere will address the following challenges and opportunities:

• Examine interpretations around the globe
• Provide an update on where banks are in the IFRS 9 implementation process
• Discuss the newly finalized CECL standards and how IFRS9 implementation can complement CECL requirements
• Define the main challenges of implementing expected credit loss standards
• Share insight into the difficulties for banks that have adopted the Internal Ratings Based approach compared to banks on a standardized approach
• Explore IFRS 9 and CECL in practice

'These changes present a host of challenges to financial institutions. Firms in much of the world are preparing for IFRS 9, and with its emphasis on expected credit losses and forward-looking analysis, this regulation is a departure from the traditional incurred-loss model,' said Van Doorsselaere. 'Additionally, any firm with a foothold in the U.S. must also contend with the new CECL standard as well as any other regulatory authorities and, in certain cases, regional, national and state agencies.'

Van Doorsslaere leads Wolters Kluwer's team of subject matter experts in International Accounting Standards and International Financial Reporting Standards. Van Doorsslaere has a strong background in finance and accounting, and in-depth knowledge of compliance requirements gained from closed-door discussions with national and central banks, commercial banks and industry bodies. In his role, he closely monitors the amendments published by the International Accounting Standards Board, providing commentary and analysis for clients in the financial services industry across the globe.

To register for the webinar, please visit our website.

About Wolters Kluwer Governance, Risk & Compliance

Wolters Kluwer Governance, Risk & Compliance (GRC) is a division of Wolters Kluwer which provides legal, finance, risk and compliance professionals and small business owners with a broad spectrum of solutions, services and expertise needed to help manage myriad governance, risk and compliance needs in dynamic markets and regulatory environments. The division's prominent brands include: AppOne®, AuthenticWeb™, Bankers Systems®, BizFilings®, Capital Changes, CASH Suite™, CT Corporation, CT Lien Solutions, Corsearch, GainsKeeper®, LegalVIEW®, OneSumX®, Passport®, TyMetrix® 360, Uniform Forms™, VMP® Mortgage Solutions and Wiz®.

Wolters Kluwer N.V. (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2015 annual revenues of €4.2 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide.

Media Contact

David Feider

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Tel: +1 612-852-7966

David.feider@wolterskluwer.com

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