Implementing IFRS 9 in Bangladesh will require stronger models, cleaner data, and closer coordination between Risk and Finance, speakers said at an Institute of Chartered Accountants of Bangladesh (ICAB) webinar, "Implementing IFRS 9: Global Insights and Bangladesh Perspectives".

Key pain points

Regulatory view
Chief Guest Dr Md Kabir Ahmed, Deputy Governor of Bangladesh Bank, described IFRS 9 as a "paradigm shift" that prepares institutions for future losses and shocks. He added that the central bank will work with ICAB to enhance transparency and reporting quality.

ICAB's stance
ICAB President N K A Mobin, FCA, stated that IFRS adoption is not merely a matter of compliance but is foundational for transparency, stability, and investor confidence. He urged joint action by Bangladesh Bank, BSEC, and FRC, alongside preparers.

Technical insights

Practitioner perspectives
Mohammad Abdul Ohab Miah, FCA (BRAC Bank), and Mohammad Monowar Hossain, FCA (Standard Chartered), outlined current pitfalls and offered bank-level implementation tactics.

What banks should do now

TBS / ICAB / Corporate