The Trustees of the IFRS Foundation appointed Bill Coen as Chair of the IFRS Advisory Council, effective immediately. Mr. Coen has been appointed to chair the Council and consider how to improve its effectiveness. The Advisory Council supports the Trustees by providing strategic advice and this is a twelve-month appointment. At the end of this transitional phase, the trustees will look to appoint a new Chair through a public nomination process.
The new Advisory Council Chair will have three priorities: to provide leadership and set the agenda for the 2020 meetings; to assess any relevant changes that may be warranted in the role and composition of the Advisory Council; and to position the Council through any transition. Before this, Mr. Coen was Secretary General of the Basel Committee on Banking Supervision from 2014 to 2019 and Deputy Secretary General from 2007 to 2014. In his role as Secretary General, he chaired the Committee’s Policy Development Group, its Corporate Governance Task Force, and the Coherence and Calibration Task Force. He served on the IFRS Advisory Council from 2016 until 2019. He has also worked for the Board of Governors of the Federal Reserve System in Washington DC, with a variety of responsibilities relating to banking policy, supervision and licensing.
Keywords: International, Banking, Accounting, Advisory Council, Bill Coen, Chair, IASB, IFRS
The Bank for International Settlements (BIS) published a paper that studies impact of fintech lending on credit access for small businesses in U.S.
The Prudential Regulation Authority (PRA) issued the policy statement PS8/22 to amend the Own Funds and Eligible Liabilities (CRR) Part of the PRA Rulebook and update the supervisory statement SS7/13 titled "Definition of capital (CRR firms).
The European Banking Authority (EBA) launched the EU-wide transparency exercise for 2022, with results of the exercise expected to be published at the beginning of December, along with the annual Risk Assessment Report.
The Single Resolution Board (SRB) welcomed the adoption of the review of the Capital Requirements Regulation, or CRR, also known as the "CRR quick-fix."
The European Commission (EC) recently adopted the Delegated Regulation 2022/1622, which sets out the regulatory technical standards to specify the countries that constitute advanced economies for the purpose of specifying risk-weights for the sensitivities to equity.
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying and, where relevant, calibrating the minimum performance-related triggers for simple.
The European Central Bank (ECB) is undertaking the integrated reporting framework (IReF) project to integrate statistical requirements for banks into a standardized reporting framework that would be applicable across the euro area and adopted by authorities in other EU member states.
The European Banking Authority (EBA) has been awarded the top European Standard for its environmental performance under the European Eco-Management and Audit Scheme (EMAS).
The Monetary Authority of Singapore (MAS) set out the Financial Services Industry Transformation Map 2025 and, in collaboration with the SGX Group, launched ESGenome.
The Basel Committee on Banking Supervision met, shortly after a gathering of the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of BCBS.