Global banks react to developing accounting reform
Mar 29, 2012
Deloitte has issued its "Second Global IFRS Banking Survey — Q1 2012: A changing landscape." The survey highlights the views on accounting change of 56 major banking groups.
The survey focuses on the implementation challenges of IFRS 9, including both the impairment proposals and classification and measurement as well as the challenges of implementation of the new standards, IFRSs 10, 12, and 13. The survey also summarizes the views of banks on the wider implications of accounting change to regulatory capital, loan pricing, and canvasses views on convergence and the timetable for adoption of IFRS 9.
Deloitte will continue its series of surveys to capture the views of the banking industry over the coming months and years as the proposals become finalized and the implementation challenges develop.
Click for:
- Second Global IFRS Banking Survey Q1 2012 — A changing landscape.
- The first survey conducted in August 2011: IFRS 9 Impairment Survey 2011 — A changing landscape.
- Our Financial Instruments — Impairment project page.