Yandraduth Googoolye: International Financial Reporting Standards (IFRS 9) - implementation issues
By Bank for International Settlements (BIS)
In this 2019 address, Governor Yandraduth Googoolye outlines the strategic implementation of IFRS 9 in Mauritius, framing it as a necessary regulatory evolution following the lessons of the 2008 financial crisis. He critiques the old "incurred loss" model for being "too little, too late" and champions the transition to the Expected Credit Loss (ECL) model.
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