The IASB is seeking feedback to help it assess whether the impairment requirements in IFRS 9 are continuing to work as intended.
May 31, 2023The draft rules propose a unified standard for measuring country risk, as well as new provisioning requirements to align with new accounting standards.
December 15, 2022Implementation of requirements for non-life insurers to set aside more capital to guard against catastrophe risks have been postponed.
October 26, 2022Reclassification of assets under IFRS 9 will enable insurers to mitigate the effects of rate hikes on their financial ratios.
October 14, 2022Authorities should adopt a positive CCyB rate in normal times. A report evaluating the impact and effectiveness of implemented Basel reforms has also been released.
October 7, 2022The guidelines will help to standardise banks' practices for valuing financial instruments and improve the comparability of reported financial indicators.
August 16, 2022IFRS 9 will prompt a one-off increase in banks' loan-loss provisioning, diminishing shareholder capital. Banks will also be pressured by increased taxes.
July 19, 2022Limited actions to amend bank secrecy laws present risks to the Philippines. Casinos, the gaming industry, and crypto exchanges are flagged as risky.
June 14, 2022The rules will address differences in how banks have implemented the ECL method, and prevent its use as a "tool" to adjust profits.
May 23, 2022PwC was recognised for its work in four core areas – risk and regulatory reporting, financial risk management, financial crime compliance and risk mitigation, and cyber and forensics.
December 10, 2021