IASB published an updated work plan, along with the update of its meeting in October 2018. The updated on the IASB meeting highlights preliminary decisions of the Board.
The key topics discussed at the October meeting included disclosure initiative, goodwill and impairment, implementation and maintenance projects, rate-regulated activities, primary financial statements, and preface to IFRS standards. Additionally, IASB received an update on the work to support implementation of IFRS 17 on insurance contracts and considered criteria for evaluating possible amendments to IFRS 17. IASB also received an update on the third Transition Resource Group meeting, which was held on September 26–27.
Keywords: International, Accounting, Insurance, IFRS 17, Insurance Contracts, Work Plan, IASB
Previous ArticleFASB Consults on Improvements to the Credit Losses Standard in US
ECB finalized the guide on assessment methodology for the internal model method for calculating exposure to counterparty credit risk (CCR) and the advanced method for own funds requirements for credit valuation adjustment (A-CVA) risk.
EBA published an Opinion addressed to EC to raise awareness about the opportunity to clarify certain issues related to the definition of credit institution in the upcoming review of the Capital Requirements Directive and Regulation (CRD and CRR).
APRA is consulting on updates to ARS 210.0, the reporting standard that sets out requirements for provision of information on liquidity and funding of an authorized deposit-taking institution.
FED released hypothetical scenarios for a second round of stress tests for banks.
PRA published updates in relation to the 2021 Supervisory Benchmarking Portfolio exercise.
FED adopted a proposal to extend for three years, with revision, the capital assessments and stress testing reports (FR Y-14A/Q/M; OMB No. 7100-0341).
HKMA revised 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.
EBA issued a revised list of validation rules with respect to the implementing technical standards on supervisory reporting.
EBA published its response to the call for advice of EC on ways to strengthen the EU legal framework on anti-money laundering and countering the financing of terrorism (AML/CFT).
NGFS published a paper on the overview of environmental risk analysis by financial institutions and an occasional paper on the case studies on environmental risk analysis methodologies.