An update on accounting and regulatory developments | KPMG | BH

An update on accounting and regulatory developments in the banking sector

An update on accounting and regulatory developments

Welcome to the Q1 2015 issue of our quarterly banking newsletter in which we provide updates on IFRS developments directly impacting banks and consider the potential accounting implications of regulatory requirements.

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 An update on accounting and regulatory developments in the banking secto

Highlights in this issue:

  • Spotlight on IFRS 9: New section focusing on the implementation of IFRS 9 Financial Instruments (see page 2). 
  • Expected credit losses: We discuss the proposed new guidance on accounting for expected credit losses issued by the Basel Committee on Banking Supervision in February, and the proposals’ interaction with IFRS 9 (see page 7). 
  • How do you compare? We look at disclosures for funding valuation adjustments (see page 10). 
  • Regulation in action: Entities will now mandatorily disclose their leverage ratios. To what extent is this disclosure measure different from the total assets published in financial statements? (see page 12). 

For more information on the accounting and regulatory developments in the banking sector, please refer to the KPMG publication IFRS Newsletter: Banking - issue 17, Q1 2015.

© 2017 KPMG Bulgaria OOD, a Bulgarian limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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