The aim of the research is to provide evidence about the quality of disclosure provided by entities applying IFRS 9 and IFRS 15.
February 17, 2021At the Asian Financial Forum, SFC chief Ashley Alder discussed the steps Hong Kong has taken to support a greener and more sustainable future.
January 19, 2021The FSC will set up a task force charged with drawing up legislative revisions to reflect changes in IFRS 17 and prepare for implementation in 2023.
December 3, 2020IFRS 3 Business Combinations does not specify how to report transactions involving transfers of businesses between companies within the same group, leading to diversity in practice.
December 1, 2020A failure to update the frameworks would result in insurers needing to maintain dual valuation, actuarial, accounting and reporting systems, APRA says.
November 26, 2020Ratings agency puts case for integration of ESG risks into financial reporting using “common set of internationally comparable metrics”.
November 2, 2020One possible option is for the IFRS Foundation to establish a new sustainability standards board, operating alongside the IASB, focusing initially on climate-related matters.
October 2, 2020The IFRS Foundation is proposed as the body that is "optimally positioned" to lead and coordinate the creation of a new sustainability standards board.
September 14, 2020Requirements to report forbearance granted to borrowers will ensure industry statistics reflect the “true health of the banking system” and incentivise prudence in banks’ credit decisions.
August 11, 2020The FSC has also clarified its expectations on ECL estimates under IFRS 9 and reiterated its relaxation of the D-SIB surcharge requirement.
May 28, 2020