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  • Service: Audit
  • Type: Business and industry issue
  • Date: 4/13/2012

IFRS Newsletter: Banking - issue 5, Q1 2012 

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:
  • Discuss some of the potential accounting implications of recovery and resolution plans, which compel banks to look at their businesses in new ways.
  • Consider the latest revenue recognition proposals and analyse some of the application questions that banks are asking.
  • Review and provide insights on the IASB’s first quarter activities, including the continued development of the macro hedging and financial asset impairment models, along with the limited re-opening of the IFRS 9 classification and measurement mode.

    © 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

     

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