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  • Service: Audit
  • Type: Business and industry issue
  • Date: 1/13/2012

IFRS Newsletter: Banking - issue 4, Q4 2011 

The Bank Statement is KPMG’s IFRS Banking Newsletter produced by the International Standards Group and IFRS banking specialists 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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In this issue, we:
  • Look at the increased risk surrounding sovereign debt, together with associated impairment, disclosure and other measurement considerations.
  • Consider the regulatory proposals around central counterparties for over-the-counter derivatives transactions in the context of the related accounting complexities.
  • Review and provide insights on the IASB’s fourth quarter activities, including the release of the final offsetting amendments and the decision to reopen parts of IFRS 9.
  • Outline the continuing dialogue on incorporating IFRS into the US financial reporting system.

    © 2012 KPMG IFRG Limited is a UK company, limited by guarantee. All rights reserved. KPMG IFRG Limited, registered in England No 5253019. Registered office: 8 Salisbury Square, London, EC4Y 8BB

    IFRS banking news - Receive newsletters and briefings from KPMG IFRG to update you on accounting and reporting developments in the banking sector. 

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