IFRS for banks

IFRS for banks

The latest on IFRS developments that directly impact banks, and the potential accounting implications of regulatory requirements.

The latest on IFRS and related developments that directly impact banks.

Accounting change for banks

Our quarterly newsletter, The Bank Statement, brings you an overview of the accounting issues affecting banks.

The biggest accounting development for banks today is likely to be IFRS 9 Financial Instruments, which will have a significant impact on the balance sheet, along with accounting systems and processes. Ongoing deliberations on how to implement IFRS 9’s new impairment model – conducted by the ITG, a discussion forum set up for this purpose by the IASB – will be of particular interest.

The new revenue standard, IFRS 15, will also be high on banks’ agendas, along with other accounting projects – e.g. accounting for dynamic risk management, insurance, distinguishing liabilities and equity, and leases.

And these accounting requirements may be impacted by regulatory requirements, such as those issued by the Basel Committee on Banking Supervision.

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IFRS Newsletter: Financial Instruments

Issue 26 – Some challenges arising from IAS 32.

 
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The Bank Statement – Q3 2015

Issue 19 – Accounting for client clearing continues to generate debate.

 
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Introducing IFRS 9

IFRS 9 introduces new requirements on classification, measurement and impairment of financial instruments.

 
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Expected credit losses

The Basel Committee has issued proposals on sound credit risk practices.

 
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Risk disclosures for banks

Many banks have made big steps forward, but there is still room for improvement.

 
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Guides to IFRS financial statements – Banks

Your essential guide to preparing IFRS financial statements for banks.

 
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IFRS 15 – A clearer view

Proposed amendments to IFRS 15 clarify four key aspects of the new revenue standard.

 
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