Featured Product

    IASB Publishes Work Plan and Meeting Updates for July 2019

    July 29, 2019

    IASB published an updated work plan and a summary of its July meeting, which presents preliminary decisions of the Board. Additionally, a summary of the joint meeting held by IASB-FASB on July 23, 2019 has been published. The topics of discussion at the meetings included financial instruments with characteristics of equity, the disclosures initiative, IBOR reform, and the effects on financial reporting, dynamic risk management, and implementation of leases standard (IFRS 16).

    IASB discussed the staff analysis of feedback on the exposure draft on interest rate benchmark reform, which proposes amendments to IFRS 9 on financial instruments and IAS 39 on recognition and measurement of financial instruments. At the future Board meetings, IASB will redeliberate some matters raised by respondents on the exposure draft as well as start the deliberations on the next phase of the IBOR reform project. In addition, FASB met with IASB for an educational session on the IASB project on IBOR reform and the FASB project on reference rate reform. The boards of IASB and FASB received an overview of proposals in the IASB exposure draft on interest rate benchmark reform and feedback from stakeholders. The boards received a summary of the recent tentative FASB decisions on the reference rate reform project and heard about the plans of FASB to publish an exposure draft by the end of 2019.

     

    Keywords: International, Accounting, Banking, Work Plan, IBOR, IFRS 16, Leases, IFRS 9, Financial Instruments, Interest Rate Benchmark, FASB, IASB

    Featured Experts
    Related Articles
    News

    PRA Finalizes Policy on Prudent Person Principle Under Solvency II

    PRA published the policy statement PS14/20, which contains the supervisory statement SS1/20 and the feedback to responses to the consultation paper CP22/19 on expectations for investment by firms in accordance with the Prudent Person Principle, or PPP, as set out in the Investments Part of the PRA Rulebook.

    May 27, 2020 WebPage Regulatory News
    News

    EBA on Extending Large Exposure Limits for French Systemic Banks

    EBA published an opinion following the notification by the French macro-prudential authority, the Haut Conseil de Stabilité Financière (HCSF), of its intention to extend a measure introduced in 2018 on the use of Article 458(9) of the Capital Requirements Regulation (CRR).

    May 27, 2020 WebPage Regulatory News
    News

    ECB Highlights NPL Resolution as Key Policy Issue in Post-COVID Europe

    As part of a Research Bulletin on the recent policy-relevant work, ECB published an article that examines the lessons learned from past crises for nonperforming loan resolution in the post COVID-19 period.

    May 27, 2020 WebPage Regulatory News
    News

    RBNZ Publishes Financial Stability Report for May 2020

    RBNZ published the financial stability report for May 2020. This review of the financial system in the country highlights that the economic disruption associated with COVID-19 will present challenges to the financial system.

    May 27, 2020 WebPage Regulatory News
    News

    ECB Updates Guidance on Reporting of Securities Holdings Statistics

    ECB updated the guidance notes for reporting related to the statistics on holdings of securities by reporting banking groups (SHSG).

    May 26, 2020 WebPage Regulatory News
    News

    ECB Publishes Results of Financial Stability Review in May 2020

    ECB published results of the financial stability review in May 2020. Among other issues, the financial stability review assesses operations of the financial system so far during the COVID-19 pandemic.

    May 26, 2020 WebPage Regulatory News
    News

    Regulators and Private Sector Meet to Discuss COVID Policy Responses

    Financial policymakers and international standard-setters met virtually with private-sector executives to discuss international policy responses to COVID-19 pandemic.

    May 26, 2020 WebPage Regulatory News
    News

    ESMA Responds to IASB Consultation on Interest Rate Benchmark Reform

    ESMA published a letter responding to IASB on the exposure draft on the phase 2 of the interest rate benchmark reform.

    May 25, 2020 WebPage Regulatory News
    News

    HKMA Consults on Supervisory Policy for OTC Derivatives Transactions

    HKMA is consulting on revisions to the Supervisory Policy Manual module CR-G-14 on margin and other risk mitigation standards for non-centrally cleared over-the-counter (OTC) derivatives transactions.

    May 25, 2020 WebPage Regulatory News
    News

    EBA Examines Impact of COVID Crisis on Banking Sector in EU

    EBA published thematic note presenting a preliminary assessment of the impact of COVID-19 outbreak on the banking sector in EU.

    May 25, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5221