IFRS Banking Newsletter – Issue 3, October 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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IFRS Banking Newsletter: issue 2011/3

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In this issue:

Discuss the consequences for banks of recently issued disclosure requirements, including those related to structured entities and transfers of financial assets.
Look at the interaction between new accounting standards and Basel III capital and liquidity regulations.
Highlight that the exception from consolidation for investment funds contained in the newly issued exposure draft is not expected to carry over to most bank parent entities.
Discuss the developments in the ongoing financial instruments accounting projects related to offsetting, impairment and hedge accounting.

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