This newsletter looks at IFRS and regulatory matters affecting accounting for banks.
The Bank Statement is KPMG’s quarterly banking newsletter.
It provides updates on IFRS developments that directly impact banks, and considers the potential accounting implications of regulatory requirements.
The size of a bank’s balance sheet can have a direct impact on the size of its capital requirements. But should client clearing transactions be on a clearing member’s balance sheet?“
"Client clearing is an evolving area and banks will need to continue to invest time to perform the relevant analyses."
Elizabeth Graystone, Banking Accounting Advisory, KPMG in the UK
In this quarter’s newsletter, we explore some of the accounting issues involved.
In the past year, certain benchmark interest rates have become negative and remained so. This creates real economic challenges, but also leads to accounting issues that have not previously been considered.
We discuss some of the common questions.
Also in this issue, we report on:
© 2020 KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in China, KPMG, a Macau partnership and KPMG, a Hong Kong partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited ("KPMG International"), a private English company limited by guarantee. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International.
For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.