Featured Product

    FASB Proposes Taxonomy Changes Related to Topics 326, 815, and 842

    FASB is proposing taxonomy improvements for the proposed Accounting Standards Update on clarifying the interactions among topic 321 on investments in equity securities), topic 323 on investments under equity method and joint ventures), and topic 815 on derivatives and hedging. Also being proposed are the taxonomy improvements for the Accounting Standards Update 2019-07 on codification updates to SEC sections and for the proposed Accounting Standards Update related to effective dates for topic 326 on measurement of credit losses for financial instruments, topic 815 on derivatives and hedging, and topic 842 on accounting for leases. FASB is also proposing taxonomy improvements.

    The comment period on the proposed taxonomy improvements to the proposed Accounting Standards Update on investments ends on August 30, 2019. The comment period on the proposed taxonomy improvements related to effective dates for certain financial instruments ends on September 16, 2019. The comment period on the proposed taxonomy improvements related to the Accounting Standards Update on codification updates to SEC sections ends on August 28, 2019. The codification updates were proposed under the Accounting Standards Update No. 2019-07 on Codification Updates to SEC Sections/Amendments to the SEC paragraphs pursuant to SEC final rule Release No. 33-10532 on Disclosure Update and Simplification, Release Numbers 33-10231 and 33-10442 on investment company reporting modernization, and miscellaneous updates. 

     

    Related Links

    Comment Due Date: August 28, 2019/August 30, 2019/September 16, 2019

    Keywords: Americas, US, Banking, Accounting, Securities, Taxonomy, Derivatives and Hedging, Financial Instruments, Accounting Standards Update, CECL, Leases, Hedging, IFRS 9, IFRS 16, Reporting, SEC, FASB

    Featured Experts
    Related Articles
    News

    FDIC Releases Economic Scenarios for Stress Testing in 2020

    FDIC released the hypothetical economic scenarios for use in the upcoming stress tests for covered institutions with total consolidated assets of more than USD 250 billion.

    February 14, 2020 WebPage Regulatory News
    News

    EBA Acknowledges EC Adoption of Amended Supervisory Reporting Standard

    EBA acknowledged the adoption, by EC, of an Implementing Act with regard to the common reporting (COREP) and financial reporting (FINREP) changes, in accordance with the Capital Requirements Regulation or CRR.

    February 14, 2020 WebPage Regulatory News
    News

    APRA and ASIC Welcome Proposed Reforms for Superannuation Sector

    APRA and the Australian Securities and Investments Commission (ASIC) have jointly welcomed the proposed legislative reforms increasing the role of ASIC in the superannuation sector.

    February 14, 2020 WebPage Regulatory News
    News

    ESMA Responds to EC Consultation on Review of Benchmarks Regulation

    ESMA published its response to EC consultation on review of the Benchmarks Regulation in EU.

    February 14, 2020 WebPage Regulatory News
    News

    ISDA Guide on Smart Contracts for Equity and Interest Rate Derivatives

    ISDA has published the fourth and fifth installments in a series of legal guidelines for smart derivatives contracts.

    February 13, 2020 WebPage Regulatory News
    News

    FED Paper Describes FLARE, A Top-Down Model for Stress Testing

    FED published a technical paper that describes the Forward-Looking Analysis of Risk Events (FLARE) model.

    February 13, 2020 WebPage Regulatory News
    News

    EC Rule Updates Data for Calculations Under Solvency II Reporting

    EC published the Implementing Regulation 2020/193, which lays down technical information for the calculation of technical provisions and basic own funds for reporting with reference dates from December 31, 2019 to March 30, 2020, in accordance with the Solvency II Directive (2009/138/EC).

    February 13, 2020 WebPage Regulatory News
    News

    EIOPA Publishes Supervisory Convergence Plan and Suptech Strategy

    EIOPA published the strategies for cyber underwriting and supervisory technology (suptech), in response to the evolving insurance landscape.

    February 12, 2020 WebPage Regulatory News
    News

    EBA Proposes Guide on Sectoral Exposures to Apply Systemic Risk Buffer

    EBA launched a consultation on the guidelines on appropriate subsets of sectoral exposures to which competent or designated authorities may apply a systemic risk buffer (SyRB), in accordance with the Capital Requirements Directive (CRD).

    February 12, 2020 WebPage Regulatory News
    News

    ISDA Paper Outlines Developments on Risk-Free Rate Adoption in 2020

    ISDA published a research paper that examines several major upcoming developments on the adoption of risk-free rates in 2020.

    February 12, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 4676