Q2 2014 issue of our quarterly banking newsletter in which we provide updates on IFRS developments that directly impact banks and consider the potential accounting implications of regulatory requirements.
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- The IASB has issued a discussion paper on a new approach for macro hedging and the new standard on revenue recognition.
- The new general hedging model under IFRS 9. We discuss new possibilities, challenges and judgments from a practitioner’s perspective.
- Section on benchmarks: We have looked at the financial statements issued by 10 banks reporting under IFRS to compare their disclosure on CVA and DVA.
- Banks are issuing contingent convertible capital instruments (CoCos) to improve their capital ratios. We discuss some accounting implications from the perspective of the issuer.