☰
✨ EY Prep 🩷
←
📊
Accounting
🟡 Medium
1 / 10
Score: 0
What is the Expected Credit Loss (ECL) model under IFRS 9?
A.
A method to calculate the expected return on a loan portfolio
B.
A forward-looking impairment model requiring recognition of credit losses based on probability of default — replacing the IAS 39 'incurred loss' model
C.
A model to calculate the effective interest rate on financial assets
D.
A stress-testing framework required by the CSSF for Luxembourg banks