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. 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.

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

The new revenue standard, IFRS 15, will also be high on banks’ agendas, along with the new leases standard, IFRS 16, and other accounting projects – e.g. insurance and distinguishing liabilities and equity.


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Banks – Illustrative disclosures

Your essential guide to preparing IFRS financial statements for banks.

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The Bank Statement – Q4 2016

This newsletter looks at IFRS and regulatory matters affecting accounting by banks.

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Banks – Are you prepared for IFRS 9?

We look at the possible impacts of IFRS 9, actions that may be needed and how KPMG can help.

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IFRS Newsletter: Financial Instruments

This IFRS newsletter reports on the IASB’s February discussions on financial instruments

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Banks – Accounting for expected credit losses

Basel Committee issues guidance on credit risk and accounting for expected credit losses.

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Banks – Implementing IFRS 9

Global accounting networks issue guidance to help audit committees oversee implementation.

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New leases standard – Introducing IFRS 16

Insight and analysis on the impact of IFRS 16 Leases.

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