The last of the papers from the workshop on ‘Accounting, risk management and prudential regulation’ held by the BIS in Basel on the 11th and 12th of November have been released. These may appear a bit dry, but they give some important pointers to where the regulators will be heading over the next few years in relation to both IFRS and improved risk management. Those implementing IAS 39 and FAS 133 should pay particular note.

These have already influenced the Australian regulators, as evidenced by APRA’s recent(ish) Regulation Impact Statement.

Advertisement