IFoA SP10 Practice Questions - IFoA SP10 Banking Specialist Principles Exam

Under IFRS 9, what is the primary trigger for moving a financial asset from Stage 1 to Stage 2?

A significant increase in credit risk since initial recognition The asset becoming 90 days past due only A fall in the risk-free interest rate The bank breaching its leverage ratio

Correct Answer:

A significant increase in credit risk since initial recognition

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