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The Bank Statement

The Bank Statement

From KPMG's IFRS Institute


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Welcome to the Q3 2016 issue of KPMG’s quarterly banking newsletter in which we provide updates on IFRS developments directly impacting banks and consider the potential accounting implications of regulatory requirements.

Highlights in this issue:

  • Spotlight on IFRS 9: The IASB released a webcast dealing with incorporating forward-looking information on measuring expected credit losses (ECL) (see page 2)
  • Impairment: IFRS 9 vs US GAAP (see page 5)
  • Regulation in action: European Banking Authority consults on credit risk and accounting for ECL (see page 15)
  • How do you compare? Disclosures on the impact of Brexit (see page 17).

For more information on the accounting and regulatory developments in the banking sector, please refer to the KPMG publication IFRS – Global Banking Newsletter: Q3 2016.

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