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Third Global IFRS Banking Survey — Still far from land?

Published on: 07 Jan 2013

Deloitte has issued its Third Global IFRS Banking Survey — Still far from land?, summarising the responses of 70 of the world’s major banking groups, including 19 global systemically important financial institutions (G-SIFI’s) and highlighting the key findings such as:

  • Whilst there is still significant support  for the convergence process amongst banks, the majority surveyed consider the IASB and FASB are no longer on track to achieve this;
  • Banks are putting their implementation efforts on standby as the process continues to be subject to delay;
  • There is uncertainty about the ultimate outcome of financial instruments accounting change with an increase in the number of banks considering that the new requirements cannot be implemented in a way that will increase comparability between banks internationally; and
  • The capital and pricing impacts of changes such as impairment, debt valuation adjustments and the treatment of liquidity portfolios will be significant.

See also:

To accompany the survey, Deloitte will hold an interactive webcast on 20 February 2013 at 12:00pm GMT. This webcast will provide attendees with an opportunity to further explore the findings of the survey and discuss current developments and their implications. Register here for this webcast.

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