Rule change ends years of uncertainty and piecemeal reform
Move could force unwinds, but an IFRS exemption may prove a saviour
FASB and IASB must keep trying to unite standards, say bank regulators
IASB and FASB have failed to bring standards together, stakeholders say
Stakeholders have given up hope of accounting convergence
Hoogervorst says work on classification and measurement "has been done for nothing"
Tobias Guldimann moves to newly-created risk position, and other Changing Hats stories from the last month
Former SEC chief accountant returns to regulation
Changing hats – June 2013
Technical specialist will take over in July
Industry says action is imperative as hedges could be rendered ineffective by the market's switch to OIS discounting
Show me the money
The DVA dilemma
Derivatives accounting proposals abandoned to relief of dealers - but move deals a blow to hopes of convergence between US standards and IASB
Dealers say gross figures over-inflate balance sheet and misrepresent risk
Called to account
US standard-setter tilting towards IFRS on accounting for financial instruments
Proposal for convergence on derivatives netting could force an adjustment of US bank leverage ratios, says regulator
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
Popular risk mitigation strategies could be sunk by new rules on the designation of hedges
The latest US bank results show the effect of recent changes in accounting rules, which brought $295 billion in securitised loans back on to balance sheets
The Financial Accounting Standards Board has been robust in its defence of fair-value accounting, and is now set to ruffle regulatory feathers by proposing the approach be expanded to cover all financial instruments. Risk speaks to the standard-setter’s...
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 reached?