IFRS9 Adoption Questionnaire

IFRS9 compliance is in the spotlight more than ever, with the Covid-19 pandemic forcing financial institutions to increasingly offer credit reliefs to their customers.

At the same time, BoU has issued credit guidelines to Supervised Financial Institutions to help offset the impact of IFRS9 accelerated by Covid-19. How swift is your IFRS9 compliance agenda since Jan 1, 2018?

Take the 1-minute survey to test your reliance to IFRS9 compliance.

- Step 1 of 5

How much do you spend on IFRS 9 compliance monthly? *

< 10m
11 - 20m
21 - 30m
>31m

Feedback from the users of these models (score from 1 to 7)-1 is strongly disagree, 7 is strongly agree *

	Strongly Disagree	Disagree	Somewhat Disagree	Neutral	Somewhat Agree	Agree	Strongly Agree
IFRS9 Modeling has been relatively simple	IFRS9 Modeling has been relatively simple Strongly Disagree	IFRS9 Modeling has been relatively simple Disagree	IFRS9 Modeling has been relatively simple Somewhat Disagree	IFRS9 Modeling has been relatively simple Neutral	IFRS9 Modeling has been relatively simple Somewhat Agree	IFRS9 Modeling has been relatively simple Agree	IFRS9 Modeling has been relatively simple Strongly Agree
I understand IFRS9	I understand IFRS9 Strongly Disagree	I understand IFRS9 Disagree	I understand IFRS9 Somewhat Disagree	I understand IFRS9 Neutral	I understand IFRS9 Somewhat Agree	I understand IFRS9 Agree	I understand IFRS9 Strongly Agree
I understand the probability of default (PD) model and its computation	I understand the probability of default (PD) model and its computation Strongly Disagree	I understand the probability of default (PD) model and its computation Disagree	I understand the probability of default (PD) model and its computation Somewhat Disagree	I understand the probability of default (PD) model and its computation Neutral	I understand the probability of default (PD) model and its computation Somewhat Agree	I understand the probability of default (PD) model and its computation Agree	I understand the probability of default (PD) model and its computation Strongly Agree
I understand the loss given default (LGD) model and its computation	I understand the loss given default (LGD) model and its computation Strongly Disagree	I understand the loss given default (LGD) model and its computation Disagree	I understand the loss given default (LGD) model and its computation Somewhat Disagree	I understand the loss given default (LGD) model and its computation Neutral	I understand the loss given default (LGD) model and its computation Somewhat Agree	I understand the loss given default (LGD) model and its computation Agree	I understand the loss given default (LGD) model and its computation Strongly Agree
I understand the exposure at default (EAD) mode and its computationl	I understand the exposure at default (EAD) mode and its computationl Strongly Disagree	I understand the exposure at default (EAD) mode and its computationl Disagree	I understand the exposure at default (EAD) mode and its computationl Somewhat Disagree	I understand the exposure at default (EAD) mode and its computationl Neutral	I understand the exposure at default (EAD) mode and its computationl Somewhat Agree	I understand the exposure at default (EAD) mode and its computationl Agree	I understand the exposure at default (EAD) mode and its computationl Strongly Agree
I understand the exposure at default (EAD) mode and its computationl	I understand the exposure at default (EAD) mode and its computationl Strongly Disagree	I understand the exposure at default (EAD) mode and its computationl Disagree	I understand the exposure at default (EAD) mode and its computationl Somewhat Disagree	I understand the exposure at default (EAD) mode and its computationl Neutral	I understand the exposure at default (EAD) mode and its computationl Somewhat Agree	I understand the exposure at default (EAD) mode and its computationl Agree	I understand the exposure at default (EAD) mode and its computationl Strongly Agree
I understand the software used for IFRS9 at the bank and its computation	I understand the software used for IFRS9 at the bank and its computation Strongly Disagree	I understand the software used for IFRS9 at the bank and its computation Disagree	I understand the software used for IFRS9 at the bank and its computation Somewhat Disagree	I understand the software used for IFRS9 at the bank and its computation Neutral	I understand the software used for IFRS9 at the bank and its computation Somewhat Agree	I understand the software used for IFRS9 at the bank and its computation Agree	I understand the software used for IFRS9 at the bank and its computation Strongly Agree
I know how to use the numbers generated by the IFRS9 model	I know how to use the numbers generated by the IFRS9 model Strongly Disagree	I know how to use the numbers generated by the IFRS9 model Disagree	I know how to use the numbers generated by the IFRS9 model Somewhat Disagree	I know how to use the numbers generated by the IFRS9 model Neutral	I know how to use the numbers generated by the IFRS9 model Somewhat Agree	I know how to use the numbers generated by the IFRS9 model Agree	I know how to use the numbers generated by the IFRS9 model Strongly Agree
I understand how to integrate forward looking indicators in the computation of PD	I understand how to integrate forward looking indicators in the computation of PD Strongly Disagree	I understand how to integrate forward looking indicators in the computation of PD Disagree	I understand how to integrate forward looking indicators in the computation of PD Somewhat Disagree	I understand how to integrate forward looking indicators in the computation of PD Neutral	I understand how to integrate forward looking indicators in the computation of PD Somewhat Agree	I understand how to integrate forward looking indicators in the computation of PD Agree	I understand how to integrate forward looking indicators in the computation of PD Strongly Agree

[Training] Assessment of Guidelines, Support and Current Controls influencing adoption (scores from 1 to 7) 1 is significantly irrelevant, 7 is significantly relevant *

	Significantly Irrelevant	Irrelevant	Somewhat Irrelevant	Neutral	Somewhat Relevant	Relevant	Significantly Relevant
Advanced Excel Training	Advanced Excel Training Significantly Irrelevant	Advanced Excel Training Irrelevant	Advanced Excel Training Somewhat Irrelevant	Advanced Excel Training Neutral	Advanced Excel Training Somewhat Relevant	Advanced Excel Training Relevant	Advanced Excel Training Significantly Relevant
Data Analytics Training	Data Analytics Training Significantly Irrelevant	Data Analytics Training Irrelevant	Data Analytics Training Somewhat Irrelevant	Data Analytics Training Neutral	Data Analytics Training Somewhat Relevant	Data Analytics Training Relevant	Data Analytics Training Significantly Relevant
IFRS9 Introductory Training	IFRS9 Introductory Training Significantly Irrelevant	IFRS9 Introductory Training Irrelevant	IFRS9 Introductory Training Somewhat Irrelevant	IFRS9 Introductory Training Neutral	IFRS9 Introductory Training Somewhat Relevant	IFRS9 Introductory Training Relevant	IFRS9 Introductory Training Significantly Relevant
IFRS9 Credit Risk Modeling Training	IFRS9 Credit Risk Modeling Training Significantly Irrelevant	IFRS9 Credit Risk Modeling Training Irrelevant	IFRS9 Credit Risk Modeling Training Somewhat Irrelevant	IFRS9 Credit Risk Modeling Training Neutral	IFRS9 Credit Risk Modeling Training Somewhat Relevant	IFRS9 Credit Risk Modeling Training Relevant	IFRS9 Credit Risk Modeling Training Significantly Relevant
IFRS9 Workshops	IFRS9 Workshops Significantly Irrelevant	IFRS9 Workshops Irrelevant	IFRS9 Workshops Somewhat Irrelevant	IFRS9 Workshops Neutral	IFRS9 Workshops Somewhat Relevant	IFRS9 Workshops Relevant	IFRS9 Workshops Significantly Relevant
IFRS9 Quarterly Training	IFRS9 Quarterly Training Significantly Irrelevant	IFRS9 Quarterly Training Irrelevant	IFRS9 Quarterly Training Somewhat Irrelevant	IFRS9 Quarterly Training Neutral	IFRS9 Quarterly Training Somewhat Relevant	IFRS9 Quarterly Training Relevant	IFRS9 Quarterly Training Significantly Relevant
IFRS9 Targeted Departmental Workshops	IFRS9 Targeted Departmental Workshops Significantly Irrelevant	IFRS9 Targeted Departmental Workshops Irrelevant	IFRS9 Targeted Departmental Workshops Somewhat Irrelevant	IFRS9 Targeted Departmental Workshops Neutral	IFRS9 Targeted Departmental Workshops Somewhat Relevant	IFRS9 Targeted Departmental Workshops Relevant	IFRS9 Targeted Departmental Workshops Significantly Relevant

[Professional Services] Assessment of Guidelines, Support and Current Controls influencing adoption (scores from 1 to 7) 1 is significantly irrelevant, 7 is significantly relevant *

	Significantly Irrelevant	Irrelevant	Somwhat Irrelevant	Neutral	Somewhat Relevant	Relevant	Significantly Relevant
IFRS9 Consultant	IFRS9 Consultant Significantly Irrelevant	IFRS9 Consultant Irrelevant	IFRS9 Consultant Somwhat Irrelevant	IFRS9 Consultant Neutral	IFRS9 Consultant Somewhat Relevant	IFRS9 Consultant Relevant	IFRS9 Consultant Significantly Relevant
Auditors	Auditors Significantly Irrelevant	Auditors Irrelevant	Auditors Somwhat Irrelevant	Auditors Neutral	Auditors Somewhat Relevant	Auditors Relevant	Auditors Significantly Relevant
International IFRS9 Consultants	International IFRS9 Consultants Significantly Irrelevant	International IFRS9 Consultants Irrelevant	International IFRS9 Consultants Somwhat Irrelevant	International IFRS9 Consultants Neutral	International IFRS9 Consultants Somewhat Relevant	International IFRS9 Consultants Relevant	International IFRS9 Consultants Significantly Relevant

[Regulation] Assessment of Guidelines, Support and Current Controls influencing adoption (scores from 1 to 7) 1 is significantly irrelevant, 7 is significantly relevant (copy) *

	Significantly Irrelevant	Irrelevant	Somewhat Irrelevant	Neutral	Somewhat Relevant	Relevant	Significantly Relevant
BoU Guidelines	BoU Guidelines Significantly Irrelevant	BoU Guidelines Irrelevant	BoU Guidelines Somewhat Irrelevant	BoU Guidelines Neutral	BoU Guidelines Somewhat Relevant	BoU Guidelines Relevant	BoU Guidelines Significantly Relevant
BoU Auditors	BoU Auditors Significantly Irrelevant	BoU Auditors Irrelevant	BoU Auditors Somewhat Irrelevant	BoU Auditors Neutral	BoU Auditors Somewhat Relevant	BoU Auditors Relevant	BoU Auditors Significantly Relevant
UBOS	UBOS Significantly Irrelevant	UBOS Irrelevant	UBOS Somewhat Irrelevant	UBOS Neutral	UBOS Somewhat Relevant	UBOS Relevant	UBOS Significantly Relevant

[Management] Assessment of Guidelines, Support and Current Controls influencing adoption (scores from 1 to 7) 1 is significantly irrelevant, 7 is significantly relevant (copy) (copy) *

	Significantly Irrelevant	Irrelevant	Somewhat Irrelevant	Neutral	Somewhat Relevant	Relevant	Significantly Relevant
IFRS9 Policy Documentation	IFRS9 Policy Documentation Significantly Irrelevant	IFRS9 Policy Documentation Irrelevant	IFRS9 Policy Documentation Somewhat Irrelevant	IFRS9 Policy Documentation Neutral	IFRS9 Policy Documentation Somewhat Relevant	IFRS9 Policy Documentation Relevant	IFRS9 Policy Documentation Significantly Relevant
IFRS9 Automation	IFRS9 Automation Significantly Irrelevant	IFRS9 Automation Irrelevant	IFRS9 Automation Somewhat Irrelevant	IFRS9 Automation Neutral	IFRS9 Automation Somewhat Relevant	IFRS9 Automation Relevant	IFRS9 Automation Significantly Relevant
Departmental IFRS9 Sensitization	Departmental IFRS9 Sensitization Significantly Irrelevant	Departmental IFRS9 Sensitization Irrelevant	Departmental IFRS9 Sensitization Somewhat Irrelevant	Departmental IFRS9 Sensitization Neutral	Departmental IFRS9 Sensitization Somewhat Relevant	Departmental IFRS9 Sensitization Relevant	Departmental IFRS9 Sensitization Significantly Relevant
IFRS9 Champion	IFRS9 Champion Significantly Irrelevant	IFRS9 Champion Irrelevant	IFRS9 Champion Somewhat Irrelevant	IFRS9 Champion Neutral	IFRS9 Champion Somewhat Relevant	IFRS9 Champion Relevant	IFRS9 Champion Significantly Relevant

What is the status of adoption for Basel II framework at your Bank?

Full implementation
Partial implementation
No short plans to implement

What is the budget you have to implement Basel II at your Bank?

>5M<10M
>10M<25M
>25M

What would say are the key challenges faced in implementing the Basel II framework in a proportionate manner for your Bank? Please tick all that apply

BoU apply standards conservatively due to uncertainty of assessors’ stance
BoU does not accept proportionate approaches and do not consider financial inclusion as a policy objective
Inadequacies in national infrastructure and systems to capture relevant data and develop standards
BoU lacks expertise and knowledge to develop proportionate standards
BoU lacks expertise and knowledge to supervise proportionately
Your Bank lacks understanding on the policy intent of standards

Has the adoption of the basel II framework impacted the financial perfomance of your Bank?

If yes, how big is the impact?

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Is your IFRS 9 model automated? YES / NO

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IFRS9 Adoption Questionnaire

IFRS9 Adoption Questionnaire

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IFRS9 Adoption Questionnaire

Featured Downloads

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