Basseterre, St Kitts, 6 February 2017 -- Commercial banks operating within the Eastern Caribbean Currency Union (ECCU ), in collaboration with the Eastern Caribbean Central Bank (ECCB), will host a workshop on the International Financial Reporting Standard 9 (IFRS 9) Financial Instruments over the period 13 to 15 February at the Sir Cecil Jacobs Auditorium, ECCB Headquarters, Basseterre, St Kitts and Nevis.
The workshop, which will be facilitated by KPMG, is designed to prepare loan officers and personnel in Finance, Credit and Internal Audit to implement the new IFRS 9 Financial Instruments. The IFRS 9 addresses the requirements for recognising, classifying and measuring financial instruments. It will replace the International Accounting Standard (IAS) 39 when it becomes effective in January 2018.
Over 60 participants from commercial banks, non-bank financial institutions, the ECCB and its affiliated institutions are expected to participate in the training.
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