May 14, 2019

FASB published a summary of the Investor Advisory Committee meeting, which was held on May 14, 2019. The meeting included discussion on the Leases standard (Topic 842) and the Credit Losses standard (Topic 326).

As part of the discussion on the emerging issues and trends, the Committee members discussed their observations on implementation of the leasing standard (Topic 842, Leases). Consistent with the discussions during prior Investor Advisory Committee meetings, members reiterated the recommendation for additional transparency of information on a geographical basis. With respect to Topic 326 on credit losses, members discussed the FASB decision to not require disclosure of gross write-offs and gross recoveries by vintage. Members indicated that they anticipated receiving this type of vintage information as part of the credit losses standard (Accounting Standards Update No. 2016-13, Financial Instruments—Credit Losses). Members also confirmed that gross write-offs and gross recoveries by vintage would be useful in their analyses. The next meeting of the Committee will be held on November 12, 2019.

 

Related Link: Meeting Update

 

Keywords: Americas, US, Banking, Leases Standard, Credit Losses Standard, Topic 842, Topic 326, IFRS 9, IFRS 16, Investor Advisory Committee, FASB

Related Articles
News

EBA Consults on Guidelines for Loan Origination and Monitoring in EU

EBA launched a consultation on the guidelines on loan origination and monitoring in EU.

June 19, 2019 WebPage Regulatory News
News

OCC Bulletin on Risk Management Guidance for Home Mortgage Lending

OCC published Bulletin 2019-28 on risk management guidance for higher-loan-to-value (LTV) lending activities in communities targeted for revitalization.

June 19, 2019 WebPage Regulatory News
News

IFRS to Discuss Phase II of IBOR Reform at July Meeting of ASAF

IFRS published agenda papers for the Accounting Standards Advisory Forum (ASAF) meeting to be held on July 11–12, 2019.

June 19, 2019 WebPage Regulatory News
News

EC Amends Regulation Supplementing Solvency II Directive

EC published the Delegated Regulation (EU) 2019/981 that amends the Regulation (EU) 2015/35, which supplements Solvency II Directive (2009/138/EC) on the taking-up and pursuit of the business of insurance and reinsurance.

June 18, 2019 WebPage Regulatory News
News

IOSCO Report Examines Application of International Cyber Standards

IOSCO published a final report that examines the application of the three internationally recognized cyber standards and frameworks by IOSCO member jurisdictions.

June 18, 2019 WebPage Regulatory News
News

PRA Launches 2019 Stress Test Exercise for Life and General Insurers

PRA has launched the biennial insurance stress test and is asking the largest regulated life and general insurers to provide information about the impact of a range of stress tests on their business.

June 18, 2019 WebPage Regulatory News

SRB Outlines Upcoming Changes in Context of CRR2 and BRRD2

SRB published presentations made at the 8th Industry Dialogue in Brussels.

June 18, 2019 WebPage Regulatory News
News

EC Publishes Guidelines on Climate-Related Information Reporting

EC published the guidelines and associated frequently asked questions (FAQs) on corporate climate-related information reporting, as part of its sustainable finance action plan.

June 18, 2019 WebPage Regulatory News
News

PRA Finalizes Reporting Amendments to Pillar 2 Liquidity Framework

PRA published the final Policy Statement PS13/19 on regulatory reporting amendments and clarifications to the Pillar 2 liquidity framework for banks in UK.

June 17, 2019 WebPage Regulatory News
News

FSB Assesses Implementation of Compensation Standards and Principles

FSB published the sixth progress report on the implementation of its principles and standards for sound compensation practices in financial institutions.

June 17, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 3276