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Current and Future Changes in Accounting Policies
 12 Months Ended
Oct. 31, 2025
Current and Future Changes in Accounting Policies [Abstract]  
Current and Future Changes in Accounting Policies
NOTE 4: CURRENT AND FUTURE
 
CHANGES IN ACCOUNTING POLICIES
CURRENT CHANGES IN ACCOUNTING
 
POLICIES
There were no new accounting policies adopted
 
by the Bank for the fiscal year ended October
 
31, 2025.
FUTURE CHANGES IN ACCOUNTING
 
POLICIES
The following standard and amendments
 
have been issued but are not yet effective
 
on the date of issuance of the Bank’s Consolidated
 
Financial Statements.
Presentation and Disclosure in Financial
 
Statements
In April 2024, the IASB issued IFRS 18,
Presentation and Disclosure in Financial
 
Statements
 
(IFRS 18), which replaces the guidance
 
in IAS 1,
Presentation of
Financial Statements
 
and sets out requirements for presentation
 
and disclosure of information, focusing
 
on providing relevant information to users
 
of the financial
statements. IFRS 18 introduces changes
 
to the structure of the statement of profit
 
or loss, aggregation and disaggregation of
 
financial information, and
management-defined performance
 
measures to be disclosed in the notes to
 
the financial statements. It will be effective for the Bank’s annual
 
period beginning
November 1, 2027. Early application is permitted.
 
The standard will be applied retrospectively
 
with restatement of comparatives.
 
The Bank is currently assessing
the impact of adopting this standard.
Amendments to the Classification and Measurement
 
of Financial Instruments
In May 2024, the IASB issued
Amendments to the Classification
 
and Measurement of Financial Instruments,
which amended IFRS 9 and IFRS 7
.
The
amendments address matters identified during
 
the post-implementation review of the
 
classification and measurement requirements
 
of IFRS 9. The amendments
clarify how to assess the contractual
 
cash flow characteristics of financial assets
 
that include environmental, social, and governance
 
linked features and other
similar contingent features. The amendments
 
also clarify the treatment of non-recourse
 
assets and contractually linked instruments.
 
Furthermore, the amendments
clarify that a financial liability is derecognized
 
on the settlement date and provide an accounting
 
policy choice to derecognize a financial liability
 
settled using an
electronic payment system before the
 
settlement date if certain conditions are
 
met. Finally, the amendments introduce additional disclosure requirements
 
for
financial instruments with contingent
 
features and equity instruments classified at
 
FVOCI.
The amendments will be effective for the Bank’s annual
 
period beginning November 1, 2026. Early
 
adoption is permitted, with an option to early
 
adopt the
amendments related to the classification
 
of financial assets and associated disclosures
 
only. The Bank is required to apply the amendments retrospectively, but is
not required to restate prior periods. The Bank
 
is currently assessing the impact of adopting
 
these amendments.