Canada - English


  • Industry: Financial Services, Banking & Finance
  • Type: Regulatory update
  • Date: 4/22/2013

The Bank Statement - Issue 9 

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.
The Bank Statement - Issue 9
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  • The IASB’s long-awaited revised proposals on the impairment of financial assets have been re-exposed for public comment, whereas the issuance of the final general hedging standard will be delayed until the IASB has completed further outreach.
  • Regulators are focusing on forbearance arrangements. We explore the related accounting and disclosure requirements.
  • Amendments to IFRS 9 on classification and measurement can impact banks’ regulatory ratios. We consider some areas of potential interaction between these amendments and certain elements of the Basel III regulatory framework.


Mahesh Narayanasami

Mahesh Narayanasami

Partner, Advisory Services, KPMG Canada


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