Featured Product

    IASB Issues Updates of Meetings for March 2019

    March 15, 2019

    IASB published an updated work plan, along with the update of its meeting in March 2019. The update on the IASB meeting highlights preliminary decisions of the Board. Additionally, a summary of the decisions reached by IFRS Interpretations Committee (IFRIC) in its meeting in March 2019 has been published.

    The key topics discussed at the IASB meeting on March 12-14 included a comprehensive review of the IFRS for SMEs standard, Financial Instruments with Characteristics of Equity, amendments to IFRS 17 on insurance contracts, the disclosure initiative, and the IBOR reform and its effects on financial reporting.

    In addition, the IFRS Interpretations Committee met in London on March 05-06, 2019 and the key topics discussed at its meeting include the following:

    • Holdings of cryptocurrencies
    • Subsurface rights (IFRS 16 on leases)
    • Application of the highly probable requirement when a specific derivative is designated as a hedging instrument (IFRS 9 on financial instruments and IAS 39 on Financial instruments: Recognition and Measurement)
    • Physical settlement of contracts to buy or sell a non-financial item (IFRS 9)
    • Credit enhancement in the measurement of expected credit losses (IFRS 9)
    • Curing of a credit-impaired financial asset (IFRS 9)

    Keywords: International, Banking, Insurance, Accounting, IFRS 17, IBOR, Work Plan, IFRS 9, Insurance Contracts, Cryptocurrencies, IFRS 16, Leases, IFRIC, IASB

    Featured Experts
    Related Articles
    News

    BIS Innovation Hub Sets Out Work Program for 2021

    BIS Innovation Hub published the work program for 2021, with focus on suptech and regtech, next-generation financial market infrastructure, central bank digital currencies, open finance, green finance, and cyber security.

    January 22, 2021 WebPage Regulatory News
    News

    EC Plans to Consult on Crisis Management and EDIS Framework Revisions

    In an article published by SRB, Mairead McGuinness, the European Commissioner for Financial Services, Financial Stability, and Capital Markets Union, discussed the progress and next steps toward completion of the Banking Union.

    January 21, 2021 WebPage Regulatory News
    News

    EBA Finalizes Remuneration Standards for Investment Firms in EU

    EBA finalized the two sets of draft regulatory technical standards on the identification of material risk-takers and on the classes of instruments used for remuneration under the Investment Firms Directive (IFD).

    January 21, 2021 WebPage Regulatory News
    News

    ECA Recommends Actions to Enhance Resolution Planning for Banks

    EC published, in the Official Journal of the European Union, a notification that the European Court of Auditors (ECA) has published a special report on resolution planning in the Single Resolution Mechanism.

    January 20, 2021 WebPage Regulatory News
    News

    BoE Publishes Key Elements of the 2021 Stress Testing for Banks in UK

    BoE published a scenario against which it will be stress testing banks in 2021, in addition to setting out the key elements of the 2021 stress test, guidance on the 2021 stress test, and the variable paths for the 2021 stress test.

    January 20, 2021 WebPage Regulatory News
    News

    PRA Proposes Rules on Identity Verification of Depositor Protection

    PRA published a consultation paper (CP3/21) proposes rules regarding the timing of identity verification required for eligibility of depositor protection under the Financial Services Compensation Scheme (FSCS).

    January 20, 2021 WebPage Regulatory News
    News

    FSB Publishes Work Program for 2021

    FSB published the work program for 2021, which reflects a strategic shift in priorities in the COVID-19 environment.

    January 20, 2021 WebPage Regulatory News
    News

    FCA Issues Update on Move to New Data Collection Platform

    FCA announced that 50% firms have started using the new data collection platform RegData, which is slated to replace the existing platform known Gabriel.

    January 20, 2021 WebPage Regulatory News
    News

    Bundesbank Publishes Derivation Rules for Reporting by Banks

    Bundesbank published Version 5.0 of the derivation rules for completeness check at the form level, with respect to the data quality of the European harmonized reporting system.

    January 19, 2021 WebPage Regulatory News
    News

    FED Revises Capital Planning and Stress Testing Requirements for Banks

    FED finalized a rule that updates capital planning requirements to reflect the new framework from 2019 that sorts large banks into categories, with requirements that are tailored to the risks of each category.

    January 19, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6488