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  • Service: Topics, IFRS
  • Industry: Financial Services
  • Date: 7/29/2014

IFRS Newsletter: Banking - issue 14, Q2 2014 

The Bank Statement is KPMG’s IFRS Banking Newsletter produced by the International Standards Group and IFRS banking professionals around the KPMG network. It is a quarterly publication that provides updates on IFRS developments directly impacting banks, considers accounting issues affecting the sector, and discusses potential accounting implications of regulatory developments.
IFRS Newsletter: Banking - issue 14, Q2 2014
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Highlights:

 

  • The IASB has issued a discussion paper on a new approach for macro hedging and the new standard of revenue recognition.
  • The new general hedging model under IFRS 9: We discuss new possibilities, challenges and judgments from a practitioner's perspective.
  • Section on benchmarks: We have looked at the financial statements issued by 10 banks reporting under IFRS to compare their disclosures on CVa and DVA.
  • Banks are issuing contingent convertible capital instruments (CoCos) to improve their capital ratios. We discuss some of the accounting implications from the perspective of the issuer.
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