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 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.