Featured Product

    IASB Publishes November Issue of the Investor Update

    November 27, 2018

    IASB published the November issue of its Investor Update, which is intended to make it easy for investors to keep up to speed on changes in the International Financial Reporting Standards (IFRSs) and how those changes may affect investors. This issue discusses, among other topics, the new disclosure requirements for financial instruments with characteristics of equity and highlights certain benefits and new disclosures observed from entities applying IFRS 9.

    In the article on financial instruments with characteristics of equity, the Investor Update highlights essential aspects of this new classification, along with the presentation and disclosure requirements for financial instruments issued by companies, as proposed in the recently published Discussion Paper. IASB expects that investors will find the results of the proposals useful when analyzing companies that issue financial instruments that have characteristics of both liabilities and equity. IASB published the above-mentioned discussion paper in June 2018, The paper sets out the Board's "preferred approach" to improve the information that companies provide in their financial statements about financial instruments they have issued. The paper is open for comments until January 07, 2019 and the Board is seeking feedback on the accounting for financial instruments with characteristics of equity. The Board’s preferred approach seeks to: 

    • Provide classification principles with a clear rationale for why an instrument is classified as either a liability or equity without fundamentally changing the existing classification outcomes of IAS 32
    • Enhance the information provided through presentation and disclosure so that investors can get richer and more comparable information about financial liabilities and equity instruments issued by companies

    This Investor Update also contains an article that reports on the implementation of IFRS 15 and IFRS 9. The IFRS 9 article highlights the most common disclosures provided by corporates and banks from the first-time adoption of these new standards. The Update also mentions that Hans Hoogervorst, the IASB Chair, spoke at an event hosted by the Accounting Standards Board of Japan about adoption of IFRS Standards worldwide and the Board's work on Goodwill and Better Communication. Other updates cover composition of the Management Commentary Consultative Group, developments at the first meeting of the group, and certain management changes. 

    Keywords: International, Accounting, Banking, IFRS 9, Investor Update, Financial Instruments, IASB

    Featured Experts
    Related Articles
    News

    BCBS Consults on Revised Disclosures for Market Risk Framework

    BCBS launched a consultation on the revised disclosure requirements for the market risk framework for banks.

    November 14, 2019 WebPage Regulatory News
    News

    FSB Examines Implementation of Resolution Regimes in Financial Sector

    FSB published a report that examines progress in implementing policy measures to enhance the resolvability of systemically important financial institutions and sets out plans for further work.

    November 14, 2019 WebPage Regulatory News
    News

    PRA Publishes Final Policy on Maintenance of TMTP Under Solvency II

    PRA published the policy statement (PS25/19) that contains the final supervisory statement (SS6/16) on maintenance of the transitional measure on technical provisions (TMTPs) under Solvency II.

    November 14, 2019 WebPage Regulatory News
    News

    BCBS Consults on Disclosure Templates of Sovereign Exposures of Banks

    BCBS published a consultation on the voluntary disclosure templates related to sovereign exposures of banks.

    November 14, 2019 WebPage Regulatory News
    News

    IAIS Adopts ComFrame, ICS, and Holistic Framework for Systemic Risk

    IAIS adopted a comprehensive set of reforms—Common Framework (ComFrame), Insurance Capital Standard (ICS) Version 2.0, and Holistic Framework for Systemic Risk—that will enable effective cross-border supervision of insurance groups and contribute to global financial stability.

    November 14, 2019 WebPage Regulatory News
    News

    PRA Publishes Templates for Statistical Disclosures Under Solvency II

    PRA published templates for statistical disclosures, as required under Article 31(2) of the Solvency II Directive.

    November 14, 2019 WebPage Regulatory News
    News

    FASB Proposes Improvements to Derivatives and Hedging Standard

    FASB proposed an Accounting Standards Update, on codification improvements to hedge accounting under Topic 815, to clarify certain sections of the 2017 hedge accounting standard (Update 2017-12).

    November 13, 2019 WebPage Regulatory News
    News

    FASB Approves Guidance to Assist in Transition to New Reference Rates

    FASB approved an Accounting Standards Update (Topic 848) to provide temporary, optional guidance to ease the potential burden in accounting for, or recognizing the effects of, the reference rate reform on financial reporting.

    November 13, 2019 WebPage Regulatory News
    News

    BIS and MAS Launch Innovation Hub in Singapore

    BIS and MAS launched the BIS Innovation Hub Center in Singapore.

    November 13, 2019 WebPage Regulatory News
    News

    MAS and Industry to Create Framework for Adoption of Responsible AIDA

    MAS announced that it is working with financial industry partners to create a framework for financial institutions to promote the responsible adoption of Artificial Intelligence and Data Analytics (AIDA).

    November 13, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 4142