Blog Article

Deloitte - Fourth Global IFRS Banking Survey

Tuesday 5 August 2014

In June 2014, Deloitte issued their Fourth Global IFRS Banking Survey which looks in particular at the implementation of IFRS 9 Financial Instruments and the consequences of increased provisioning for regulatory capital planning. The Deloitte global financial services industry group collated the views of 54 major banks around the world to ascertain how the industry is responding to recent accounting and regulatory changes.

Key findings in the survey include:

  • Banks need 3 years to implement IFRS 9 - so the 2018 effective date might be tight for some.
  • 70% of banks surveyed anticipate their loss provisions to increase as a result of adopting IFRS 9
  • The key IFRS 9 implementation challenge will be co-ordinating the various departments that are affected

Download Deloitte - Fourth Global IFRS Banking Survey

To help you learn more about such issues, IASeminars is pleased to offer the following courses:

  • IFRS Technical Update (2 days)
  • IFRS for Financial Instruments (2 days)
  • IFRS Financial Instruments Update (1 day)
  • IFRS Overview for Derivatives and Hedging (2 days)
  • IFRS for Derivatives and Hedging (3 days)
  • IFRS for Banks and Other Financial Institutions (2 days)
  • IFRS Immersion Workshop for Financial Institutions (8 days)

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