We are pleased to share with you the latest issue of KPMG’s IFRS banking newsletter – The Bank Statement. Developed by our International Standards Group and IFRS banking professionals around the KPMG network, this quarterly newsletter brings together current IFRS issues facing banks.
Highlights:
• The IASB issues complete IFRS 9 Financial Instruments which will be effective for annual periods beginning on or after 1 January 2018.
• The new revenue recognition model under IFRS 15 Revenue from Contracts with Customers: We discuss some potential impacts on banks.
• Section on benchmarks: We have looked at 15 banks reporting under IFRS and compared their Pillar 3 disclosures location and frequency of publication.
• The Enhanced Disclosure Task Force (EDTF) issues its 2014 report on banks progress in enhancing disclosures. The report confirms that significant progress have been made in implementing recommendations in 2013 disclosures.
For more information on this topic, please reach out directly to your KPMG adviser or email us at [email protected].
Location