The course will cover 3 hours of Core CPD.
Unit 1 – Application of FRS109/IFRS9
We examine the impact and application of FRS109/IFRS9 will have on the financial markets for assets reporting, in particular, those with long-term loans, equity investments, or any non-vanilla financial assets. Key area covered:
a) classification and measurement of financial assets;
b) provisions based on expected credit loss;
c) hedge accounting
d) disclosure

Unit 2 - Transition from Libor
As the world reeled from one of the most trusted financial routine used globally, few can continue to accept the practice of LIBOR setting. Global regulators have started to initiate new processes and routines in anticipation of LIBOR's death in the year 2021. Participants would have a good knowledge what these are as well as the ramification.
Key area covered:
a) history of Libor
b) manipulation of Libor
c) scandals
d) new horizon
e) comparison of SOFR, SONIA and Libor