Intesa Sanpaolo Taps Bloomberg for IFRS 9 SPPI Compliance Data
The Bloomberg data will reduce manual work associated with determining how a security should be classified and valued under the upcoming IFRS 9 rules.
Bloomberg’s SPPI data service will enable Intesa Sanpaolo’s accounting and reporting staff to determine how securities should be classified under IFRS 9.
“Using Bloomberg’s IFRS 9 SPPI in our accounting process will help us classify portfolio securities accurately and consistently across our organization. We also expect it will save us time and resources required to evaluate how our investments should be treated under the new standard,” says Nicola Torresani, head of debt pricing and analytics
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