Join our industry experts to gain valuable insights into regulatory changes and economic forecasting, with a focus on the impact of Brexit.
CECL may seem like just another regulatory burden, but the exercise of digging deep into your loan book can have big pay-offs far beyond 31 Dec 2019.
Join our experts at Stay Ahead of the Game, our regulatory & economics briefing on Thursday 27 September @ 4:30 pm
A recent report has suggested that European MEPs want more scrutiny of accounting standards issued by the International Accounting Standards Board (IASB) with an emphasis less complex rules, in addition to calling for scrutiny of whether standards allow tax fraud as well as improved governance of the IFRS Foundation, which governs the IASB.
The FT covered a piece on a regulatory crackdown that it claims removes the key incentive for measuring risk – view the full article here https://next.ft.com/content/672e8d6a-1d63-11e6-b286-cddde55ca122 Here is our response - this certainly covers the impact for investment banks as rather than retail. What BCBS have announced is that they are potentially withdrawing IRB treatments for exposures against large corporates and other banks.