The Preparation of Banking Industry in Implementing IFRS 9 Financial Instruments (A Case Study of HSBC Holdings Plc Listed on London Stock Exchange of Year 2015 2017)

Rene Johannes, Dedy Dedy and Abdullah Muksin
Additional contact information
Rene Johannes: FEIS Universitas Bakrie, Indonesia,
Dedy Dedy: FEIS Universitas Bakrie, Indonesia,
Abdullah Muksin: FEB - UPI YAI, Indonesia

International Journal of Economics and Financial Issues, 2018, vol. 8, issue 6, 124-136

Abstract: Global financial crisis 2008 was a very close call of total systemic collapse in financial markets. This had urged the leaders of G20 to involve the key global accounting standards bodies for creating a single high-quality global standard. IFRS 9 Financial Instruments' released in 2014 is a project of IASB to achieve that goal and its effective date is 1 January 2018. However, a poll found that 46 percent of 91 banks in the world (excluding some U.S. banks) believe not having adequate resources to implement the standard by 2018. That is why this research wants to figure out the preparation of banking industry especially HSBC Holdings Plc to implement the standard. Using an exploratory research method, the researcher has found out that HSBC has been well-prepared to implement the standard. The findings of this research also realize a certain extent of agreement to MacNeal's theory and positive theory introduced by Watts & Zimmerman.

Keywords: IAS 39; IFRS 9; financial instruments; recognition and measurement; financial reporting (search for similar items in EconPapers)
JEL-codes: G11 G21 G32 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.econjournals.com/index.php/ijefi/article/download/7280/pdf (application/pdf)
https://www.econjournals.com/index.php/ijefi/article/view/7280/pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2018-06-19

Access Statistics for this article

International Journal of Economics and Financial Issues is currently edited by Ilhan Ozturk

More articles in International Journal of Economics and Financial Issues from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().