The International Accounting Standards Board (IASB) has rejected enacting the US Financial Accounting Standards Board (FASB) proposals on 'Other Than Temporary Impairments' (OTTI) in the course of setting out its plans for a comprehensive review of its own impairment guidelines, IAS 39.
The FASB set out in staff position FSP 124-2 measures to enable bodies submitting accounts under US law to split reductions in certain loan asset values - including corporate bonds held against long-term
- Quant Finance Master’s Guide 2019
- People moves: SocGen adds in prime services, Deutsche fills new rates hole, HSBC makes model move, and more
- Podcast: Kenyon and Berrahoui on the pitfalls of PFE
- Cross-currency swaps could hasten RFR shift in Australia
- EU parliament OKs no-action powers but leaked doc signals delay