CBUAE, ADGM & DIFC issues a joint guidance for banks and finance companies on the application of IFRS9 during COVID-19 pandemic

The Central Bank of the UAE, the Financial Services Regulatory Authority  of Abu Dhabi Global Market and the Dubai Financial Services Authority  of Dubai International Financial Centre, collectively the “Authorities”, have today issued joint guidance for banks and finance companies in relation to the application of International Financial Reporting Standard…