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.


Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.