TCH has filed a comment letter responding to the Basel Committee on Banking Supervision’s (BCBS) proposal on prudential treatment of problem assets – definitions of non-performing exposures and forbearance. TCH is concerned that the proposal will affect current accounting and financial statement disclosure requirements, even though that is not necessarily the intended result. Therefore, TCH argues that the proposed definitions should be revised to align more closely with credit risk management practices to avoid creating an entirely new framework that may impact U.S. GAAP and IFRS financial statements without a corresponding improvement in credit risk measurements.
You Might Also Be Interested In...
Regulatory Reporting and Accounting BPI and IIB Comment on Federal Reserve Proposal to Revise FR Y-7Q Capital and Asset Report for Foreign Bank Organizations
Regulatory Reporting and Accounting BPI Comments on Fed Proposal to Revise Structure Reporting and Recordkeeping Requirements for Domestic and Foreign Banking Organizations
FinTech & Innovation BPI and SIFMA Submit Letter to Congress in Response to SEC Staff Accounting Interpretation on Crypto-assets
Security Financial Trades Support Modified SEC Cyber Incident Disclosure Proposal to Aid Law Enforcement and Support Remediation Efforts
Regulatory Reporting and Accounting BPI Comments on Federal Reserve Implementation of Capital Assessments and Stress Testing Reports
Regulatory Reporting and Accounting BPI Comments on SEC Rulemaking Regarding Cybersecurity Risk Management and Incident Reporting
More Posts by This Author
Digital Assets BPI Comments on Treasury Department Review of Digital Assets in Response to Executive Order
Community Reinvestment Act BPI Comments on Federal Banking Agencies’ Community Reinvestment Act Proposal
Bank Liquidity The Bank of England Just Released Its Plan for Getting Smaller. The Fed Could Learn from it.