Banking
On this page you will find links to our 'other' publications relevant to the banking sector.
On this page you will find links to our 'other' publications relevant to the banking sector.
25 Nov, 2016
This paper is intended to help banks take the first step towards understanding the impact of IFRS 9 accounting rules on their regulatory capital position.
05 Jul, 2016
The introduction of IFRS 9 'Financial Instruments' will create new challenges for securitisation entities. Whilst there is a significant financial reporting impact, other stakeholders in the securitisation market need to consider the wider business challenges. In this publication we set out some of the key considerations for securitisation market participants, specifically focusing on SPE financial reporting.
17 Jun, 2016
The Global Public Policy Committee (GPPC) have issued a report on the implementation of IFRS 9 impairment requirements by banks. The paper is structured in a way to assist the two key groups within a bank that will be instrumental in ensuring a high-quality implementation of IFRS 9 'Financial instruments'.
17 Jun, 2016
On 17 June 2016, the Global Public Policy Committee (GPPC) issued a report titled 'The implementation of IFRS 9 impairment requirements by banks'.
09 May, 2016
Much awaited by the banking industry, the Basel Committee issued its final Guidance on Credit Risk and Accounting for Expected Credit Losses in December 2015. In this publication, we present a snapshot of what we think are the most challenging elements for banks and those charged with governance. We also share our view on some of the most important milestones in delivering this guidance leading up to January 2018.
08 Dec, 2015
In the wake of the financial crisis, the G20 asked the IASB to revise accounting requirements so that financial institutions’ expected credit losses were captured as well as losses that had been incurred. The Financial Stability Board (FSB) also established the Enhanced Disclosure Task Force, a group comprising banks, analysts, investors and auditors. Banks should consider the Enhanced Disclosure Task Force (EDTF) guidance for their next annual reports. Those with December year ends should act quickly to ensure appropriate implementation. In particular, banks' Chief Accountants need to consider their implementation projects in the light of the new recommendations to ensure that the appropriate data are available for their expected credit loss disclosures.
13 Jul, 2013
This publication from Deloitte (UK) reviews the implementation of the 32 recommendations included in the Enhanced Disclosure Task Force (EDTF) Report ‘Enhancing the Risk Disclosure of Banks’ by banks that were members of the EDTF Working Group . The report also highlights examples of good practice for others to consider in their 2013 planning.
05 Nov, 2012
Deloitte (United Kingdom) has published a newsletter discussing the Financial Stability Board's Enchanced Disclosure Taskforce (EDTF) report 'Enchancing the Risk Disclosures of Banks'.
18 Oct, 2012
There has been an unprecedented level of interest in banks’ financial statements during the last few years. Debate has taken place at G20 meetings and in parliamentary enquiries and stories about banks, including their reported performance, feature daily in the newspapers. The new Interim Financial Policy Committee and the Financial Services Authority are taking an active interest in information reported by banks. This has prompted Deloitte (United Kingdom) to take a step back and evaluate the UK banks’ most recent annual reports.
03 Aug, 2012
The Deloitte UK Banking and Capital Markets Group has published 'IFRS 9 Classification and Measurement — Are you lost?' The paper summarises recent IASB discussions proposing to amend IFRS 9 'Financial Instruments'. The IASB proposals would introduce a new measurement category, fair value through other comprehensive income, for eligible financial assets. The paper provides a reminder of the current IFRS 9 requirements and a summary of the proposed changes expected to be issued in an exposure draft later this year.
03 Aug, 2012
The Deloitte UK Banking and Capital Markets Group has published 'What is heading your way? Effective dates you need to think about'. The paper provides a one-page summary of effective dates of new accounting standards and amendments issued by the IASB in the last two years (IFRS 7, 9, 10, 11, 12, 13 and IAS 32). It also indicates whether retrospective application is required with comparatives and discusses some planning aspects to consider as part of implementing these changes.
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