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✨ EY Prep 🩷
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Accounting
🎲 Mixed
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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