IFRS Interpretations Committee and IRB: Difference between pages

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The body of the International Accounting Standards Board (IASB) which interprets the application of IASs and IFRSs and provides guidance on financial reporting issues not specifically addressed in IASs and IFRSs.
''Capital adequacy - credit risk''


''Previously known as the International Financial Reporting Interpretations Committee (IFRIC).''  
Internal Ratings Based.
 
 
An approach to determining capital requirements for banks and other financial institutions, which includes risk assessments made internally by the regulated institution itself.
 
Use of an IRB approach and model needs the regulator's approval of the regulated bank's proposed IRB model.
 
 
Also known as Internal ''Risk'' Based approach.




== See also ==
== See also ==
 
* [[AIRB]]
* [[Financial Reporting Standard]] (FRS)
* [[ASRF]]
* [[Generally accepted accounting principles]] (GAAP)
* [[Capital adequacy]]
* [[IFRS Foundation]]
* [[Credit risk]]
* [[International Accounting Standards Board]] (IASB)
* [[FIRB]]
* [[International GAAP]]
* [[Model]]
* [[International Accounting Standards]] (IAS)
* [[Risk Weighted Assets]] (RWAs)
* [[International Financial Reporting Interpretations Committee]]
* [[STA]]
* [[International Financial Reporting Standards]] (IFRS)


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]

Revision as of 15:25, 24 June 2022

Capital adequacy - credit risk

Internal Ratings Based.


An approach to determining capital requirements for banks and other financial institutions, which includes risk assessments made internally by the regulated institution itself.

Use of an IRB approach and model needs the regulator's approval of the regulated bank's proposed IRB model.


Also known as Internal Risk Based approach.


See also