Bank of the Lao runs IFRS 9 ECL model validation seminar and calls for IFRS 7, 9 and 13 readiness ahead of full IFRS in 2028

The Bank of the Lao convened a technical seminar on International Financial Reporting Standards focusing on the development and validation of models under IFRS 9, with an emphasis on expected credit loss (ECL) modelling for credit impairment allowances. The session followed a February 2026 notice from the Bank of the Lao’s Accounting and Finance Department extending the timeline for IFRS implementation and reiterated a phased pathway toward full IFRS adoption. The half-day event brought together representatives from the central bank’s relevant supervisory and accounting functions, the Securities Commission Office, the Ministry of Finance and commercial banks across the system. EY Laos delivered the technical briefing, and the discussion centred on practical approaches to assessing and validating IFRS 9 models, with participant Q&A used to address implementation questions. The chair called on commercial banks to continue preparing to implement IFRS during 2026–2027, particularly IFRS 7, IFRS 9 and IFRS 13, to enable a move to full IFRS from 2028.