International Accounting Standards Board (IASB)
IASB has change of heart on hedge accounting
Proposed new rules on hedge accounting - published by the IASB this morning - are intended to make life easier for corporate hedgers
IASB appoints Hoogervorst as new chairman
Hans Hoogervorst, Dutch former cabinet minister, has been appointed chair of the International Accounting Standards Board
Australian loan loss accounting changes draw fire
If it’s not broken...
OECD urges IASB to review scheme definitions
International body says there is "a lot of confusion in the treatment of a lot of plans around the world".
Asia Risk 15: Rafael Consing, ICTSI
Corporates were hit hard by derivatives losses linked to investments and low-cost hedges during the financial crisis. But most companies have benefited by using derivatives to manage financial risks. Joti Mangat and Georgina Lee talk to one such company,…
IASB includes liquidity premium in new insurance accounting proposals
Exposure draft brings convergence with Solvency II but stops short of full market consistency
Credit expert findings should help revise new impairment standard, says IASB
A proposed new approach to loan loss accounting is proving a tough nut to crack, but standard-setters say progress has been made.
IASB positive about progress on new loan loss standard as consultation ends
The findings of a group of credit risk experts should help IASB staff find a way to make its proposals operational, board member John Smith tells Risk
IAS 19 to speed pension de-risking
Proposed changes to accounting standards will remove some of the reporting freedom enjoyed by pension funds and could steer them away from investing in equities towards the relative safety of bonds and swaps – a development that could have an impact on…
Basel Committee proposals could break IASB loan-loss deadlock
The Basel Committee has revealed its thinking on loan loss accounting to standard-setters and industry experts.
Loan loss calculation conundrum
Replacing the incurred loss provisioning model remains high on the agenda of accountants, bankers and regulators. The challenge is to find a way to calculate expected loss that satisfies the diverse objectives of all three camps. Can a compromise be…
Fair-value freeze in Japan
Corporates and financial institutions have long awaited the introduction of the internationally accepted fair-value option to hedge accounting in Japan. They believe a fair-value option would allow more institutions to hedge their risks, particularly in…
Regulators take aim at unrealised derivatives profits
Accounting changes promoting more fair-value reporting are forcing supervisors to consider radical restrictions on the way banks use profits.
Unrealised gains out of their hands
Some regulators have suggested profits based on uncertain valuations of complex products should not be allowed to flow into earnings and be distributed in the form of dividends and bonuses – a move that potentially has massive implications for the…
Loan loss dynamics
The International Accounting Standards Board unveiled a new expected loss approach in November, following criticisms of the current incurred loss model. But European regulators have declared their preference for dynamic provisioning – and have even…
