have gained in importance with the newly adopted IFRS 9 accounting standard. Here, the multi-year PDs can be used to … rating discretization).In the IFRS 9 context, the approach offers an additional merit: it can easily account for the … macroeconomic adjustments, which are required by the IFRS 9 accounting standard …

Under the IFRS 9 impairment model, entities must estimate the PD (Probability of Default) for all financial assets (and …

Financial Reporting Standards (IFRS) in 20 European Union (EU) and nonEU jurisdictions. Using a default prediction model that … combines both accounting and market inputs, we find that compared to a control group of non-adopters, IFRS adopters do not … jurisdictions with large distances between their local GAAP and IFRS have higher default prediction accuracy. Higher enforcement is …

of the probability of default according to the "Expected Credit Loss Model" (ECLM) in IFRS~9 and the corresponding stage …