United States

The Bank Statement – Q2 2017

Jul 17, 2017
From the IFRS Institute

KPMG discusses issues relevant to the global banking community including modifications or exchanges of financial liabilities that do not result in derecognition under the new financial instruments standard, and considerations for dual reporters when implementing the IFRS and US GAAP expected credit loss frameworks. The newsletter also compares how selected banks present interest on financial instruments at fair value through profit and loss (FVTPL), and discusses the European Banking Authority's recent guidelines on credit institutions' credit risk management practices and accounting for expected credit losses.