EU consults on the impact of International Financial Reporting Standards (IFRS)

The European Commission is holding a public consultation to seek views from all interested parties on their experience of Regulation 1606/2002 (‘the IAS Regulation’). The results of this public consultation will feed into the European…

Basel III’ is Europe – Part I

Lots of twitter-folks, especially law shunning economists, have only a slight clue as to what the Basel III implementation in Europe actually entails. So, here’s my briefings on Basel III. Note, I write this post…

EBA leans against Basel III in excluding unrealized gains from Regulatory Capital

EBA yesterday published a Discussion Paper (DP) on the exclusion of unrealized gains from regulatory capital. As an advice to the European Commission it basically supports  the current European system of prudential filters – that…

What actually is Basel’s contribution to the new IASB impairment model?

Just returning from a talk by Sir David Tweedie. Funny as always and sharp, he discussed a short history on accounting standard setting. He spared few parties, with France taking most of his flak. Perhaps…

JPM and Accumulated Other Comprehensive Income – a neat example of regulatory capture.

It should not come as a surprise that the discussion on the in/exclusion of Accumulated Other Comprehensive Income from Regulatory Capital continues. JPM highlighted one reason for keeping the discussion on AOCI going, as most…