• Service: Audit, IFRS
  • Industry: Financial Services, Banking
  • Type: Business and industry issue
  • Date: 1/11/2013

IFRS Newsletter: Banking - issue 8, Q4 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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  • The IASB decided on the final features of the impairment model to be re-exposed in early 2013.
  • In October 2012, the Enhanced Disclosure Task Force issued its recommendations to help the banks improve their communication with stakeholders in the area of risk disclosures with the ultimate aim of improving investor confidence.
  • The introduction of the Basel 3 leverage ratio may in certain cases result in disposals of financial assets. We consider potential accounting implications of the new regulatory requirements on the classification of financial assets.


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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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