Global Head of Research, Smartkarma

Mark Artherton

Global Head of Research

LR Research

Macroeconomics

<p>We can all agree that the banking sector is central to modern economies.  Balance sheets at Financial institutions may not be universally understood but they are open to scrutiny under IFRS or local GAAP.  There are some significant changes coming to IFRS for banks as the  International Accounting Standards Board moves ahead with its (misguided?) attempt to apply a market value to all assets.  IFRS9 is another step in this direction for financial institutions ( covered by <a href="https://www.smartkarma.com/profiles/12" target="_blank" data-smartkarma-citation="accounts:12">Daniel Tabbush</a> here…</p>

We can all agree that the banking sector is central to modern economies.  Balance sheets at Financial institutions may not be universally understood but they are open to scrutiny under IFRS or local GAAP.  There are some significant changes coming to IFRS for banks as the  International Accounting Standards Board moves ahead with its (misguided?) attempt to apply a market value to all assets.  IFRS9 is another step in this direction for financial institutions ( covered by Daniel Tabbush here…

Off-Balance Sheet: China and Beyond - When to Worry