In a previous post we discussed how IFRS 9 will affect commodity firms through hedge accounting programs. Generally speaking, as pointed out by Thack Brown in this post, IFRS 9 will affect financial and non-financial corporates through: 1-New classification and measurement principles for financial assets, 2- New impairment models that …

As a firm with emphasis on risk management, we always advise our clients to hedge their portfolios in order to reduce the PnL volatilities. However, recently Metlife, the largest insurer in the US, was hit by a $3.2 billion loss in derivatives that were used to hedge the rising interest …

Less than a year from now, the banks will have to introduce the IFRS 9 Impairment, and it will have a substantial financial impact on them.  However, it is not just banks that will be affected by this new accounting  standard, non-financial corporations, for example commodity firms, will be impacted …