FBK’s Experts Share Insights into IFRS Application by Financial Institutions in Current Economic Environment

On 12 April, FBK arranged a webinar on IFRS application for financial institutions. This was the first event of the kind, and FBK plans to hold regular webinars on that topic.

Svetlana Ponkratova, Anastasia Gerasimova and Daria Kovaleva from the Department of Assurance and Advisory to Financial Institutions spoke about changes in fair value measurement approaches in the current environment and possible changes in the business model used to manage assets. They also touched on potential consequences of the revised key rate of the Bank of Russia and general IFRS reporting requirements in Q1 2022.

The webinar was moderated by Anastasia Terekhina, FBK’s Partner.