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Securitization Accounting

Published on: Jan 22, 2014

Since the financial crisis, the securitization market continues to be faced with uncertainty. Even as participants are able to start putting some of the puzzle pieces together, many are still unaware of what the final picture will look like or even if all the pieces will perfectly fit. Yet, the pace of recovery continues to accelerate and accounting issues remain at the forefront.

The earliest editions of this publication were small pamphlets focused on major accounting changes impacting how securitizations were reported on the financial statements. Over the years, we have added coverage of taxes and various regulatory changes impacting securitization accounting and the overall markets. We continue that trend in this edition by adding new topics while continuing to robustly update previously covered events.

This edition covers:

  • New issues facing the market resulting from the continued convergence work on accounting for financial instruments by the FASB and the IASB.
  • In-depth IFRS accounting analysis for securitizations as more market participants report under IFRSs versus U.S. GAAP.
  • Incremental additions to required disclosures on securitization transactions and additional clarity on treatment of consolidated securitizations for those following U.S. GAAP.
  • How the FASB and IASB proposals for the measurement and classification of financial instruments, which are due in the near term, could impact market participants.
  • Changes to the consolidation paradigm that could force deconsolidation of many previously consolidated securitizations.
  • The impact of risk-based capital (Basel III).

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