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Details

Industry: Financial Services, Banking & Finance
Type: Business and industry issues, Regulatory update
Date: 7/10/2012

The Bank Statement - Issue 6 - July 2012

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.

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The Bank Statement - Issue 6 - July 2012 [PDF 1.25MB]

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Issue highlights:

A discussion paper is to be issued in H2 of 2012 as the first due process step for the macro hedging project. This is an opportunity for banks to interact with the IASB to make sure the new macro hedging model is transparent and operational.
Using bail-in debt instruments as a tool in the formation of recovery and resolution plans has become increasingly popular with bank supervisors. We consider some of the accounting implications, with a focus on classification and measurement.
A new fair value through other comprehensive income category is to be added to the IFRS 9 classification and measurement model and the general framework of the ‘three-bucket’ expected credit loss measurement model is now complete.