Regler for nedskrivninger og hensættelser til tab på udlån i danske pengeinstitutter: Og deres påvirkning på pengeinstitutternes stabilitet under finanskrisen

Mia Reker Holm & Vivi Kobberup

Studenteropgave: Kandidatafhandlinger


In 2005 the part of the Danish GAAP,1 regarding the regulations on a bank’s ability to make provisions for bad debts, was made compatible with the International Financial Reporting Standards (IFRS). This transition implied a new underlying principle for making loan loss provisions, which forced the Danish banks to reverse a considerable amount of their accumulated provisions. Before 2005 the banks in Denmark made yearly assessments of the loan portfolios and made provisions in accordance to the assessed risk profile. This routine was fairly unregulated, whereas the applicable international standard IAS 39 requires objective evidence of impairment by way of an event or a combination of events that has occurred. Expected losses as a result of future events could for that reason not be considered if no objective evidence here for existed. These loan loss provisions constituted and represented a form of safety buffer for future recessions. The objective of this thesis is to determine if this change in accounting principle has had an effect on the banks in Denmark during the current financial crisis. In addition the thesis seeks to find the newly proposed measures and models’ effect on the stability of the banks in Denmark in the future. The crisis on the financial markets worldwide affected the banks in Denmark substantially. The years leading up to the crisis had been economically very good and influenced by the lengthy booming economy. The banks expanded rapidly and the lendings followed. These circumstances combined with the significant amount the banks were forced to reverse due to the implementation of the IFRS meant that year 2008 became a tough one for the credit institutions and some didn’t survive. This current incurred loss model has been criticized for being pro-cyclical and enlarge the impact of the downturn. Politicians and the regulative institutions are in the process of developing new methods of valuating impairment and provisions. The general opinion amongst all the parties involved in this process seems to be that a forward looking loan loss provisioning method based on future expected losses is most desirable.

UddannelserCand.merc.aud Regnskab og Revision, (Kandidatuddannelse) Afsluttende afhandling
Antal sider143