The European Securities and Markets Authority has published a review of the comparability and quality of disclosures in the financial statements of 39 listed financial institutions: see here (pdf). Recommendations are made for improvement in the following areas: credit risk and impact of forbearance practices; liquidity and funding risk; asset encumbrance and fair value measurement of financial instruments.
Wednesday, 20 November 2013
Europe: ESMA review of financial institutions' IFRS financial statements
The European Securities and Markets Authority has published a review of the comparability and quality of disclosures in the financial statements of 39 listed financial institutions: see here (pdf). Recommendations are made for improvement in the following areas: credit risk and impact of forbearance practices; liquidity and funding risk; asset encumbrance and fair value measurement of financial instruments.
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