International accounting standards (ias) 39
It was the toughest part of Basel III for the US to swallow – a requirement that unrealised gains and losses on some bonds would hit bank capital calculations. In Europe, legislators provided an opt-out...
Trades cleared voluntarily would not be protected by hedge accounting under IASB proposals
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
More International accounting standards (ias) 39 articles
With accounting standard IFRS 9 due to replace IAS 39 by 2015, Carlos Blanco, Michael Pierce and José Ramón Aragonés explore the implications for energy hedging programmes with emphasis on hedge effectiveness tests and the use of optimal hedge ratios...
Times are still not easy for many across the energy sector, from ailing refining businesses to utilities that can no longer gain access to much-needed credit. Uncertainty looms large. When it comes to fundamentals, questions surround the outlook for US...
Accountants want banks to report as profits the impact of widening credit spreads on their liabilities, but regulators are moving in the other direction. The result could be painful deductions from capital, and two very different sets of incentives. Laurie...
In the second of a two-part series, Dirk Schubert analyses fair-value accounting for credit value adjustment, and considers how consistency can be achieved between bank counterparty risk management practices and requirements under International Accounting...
Banks are required to recognise fair-value adjustments for credit value adjustment under International Financial Reporting Standards, but the rules are extremely complex. In the first of a two-part article, Dirk Schubert explains the boundary conditions...
Credit portfolio managers could tailor credit default swap hedges as financial guarantees to avoid accounting mismatches on their balance sheet. However, the technique exposes credit hedgers to increased costs and basis risk, argues Dirk Schubert
Accountants condemn a proposal to use IAS 39 as a means to determine whether a derivative has to be cleared through a central counterparty.
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future
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