KPMG's Global IFRS Banking Newsletter - Issue 14 now available
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 has issued a discussion paper on a new approach for macro hedging and the new standard of revenue recognition.
• The new general hedging model under IFRS 9: We discuss new possibilities, challenges and judgments from a practitioner’s perspective.
• Section on benchmarks: We have looked at the financial statements issued by 10 banks reporting under IFRS to compare their disclosures on CVa and DVA.
• Banks are issuing contingent convertible capital instruments (CoCos) to improve their capital ratios. We discuss some of the accounting implications from the perspective of the issuer.
For more information on this topic, please reach out directly to your KPMG adviser or email us at [email protected].
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