This issue of The Bank Satement:
- Discusses the consequences for banks of recently issued disclosure requirements, including those related to structured entities and transfers of financial assets
- Looks at the interaction between new accounting standards and Basel III capital and liquidity regulations
- Highlights 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
- Discusses the developments in the ongoing financial instruments accounting projects related to offsetting, impairment and hedge accounting.