Accounts
Basel set to decide on capital relief for accounting changes
Phase-in to IFRS 9 and Cecl needed to avert "a dramatic overnight drop in regulatory capital", say auditors
Stronger 2016 profit helps SNB rebuild reserves
Profitable year helps central bank repair its distribution reserve after losses in 2015, though profits appear to have slipped slightly in the fourth quarter
Riksbank’s Flodén warns QE dividends may not continue
Quantitative easing has generated profits so far, but the central bank is likely to incur losses in future, deputy governor warns; purchases amount to maturity transformation and therefore carry risk
Basel Committee outlines plans for ‘fundamental change’ of IFRS 9
Task force to consider impact of expected credit loss approach on regulatory capital, while consultation lays out interim plans
IFRS 9 deadline looms
The successful implementation of new accounting rules for financial instruments requires urgent attention and leadership from frontline departments. It should not be left solely to the accountants
Sri Lankan central bank defends governor expenses
Central bank incurs around $663,000 in travel expenses in 2015 as governor and central bank staff attend a number of international financial meetings
BoE paper seeks unified global approach to NPLs
A multidisciplinary approach to legal, accounting, statistical, economic and strategic elements of loan loss provisioning and NPLs
Banks may need major overhaul to handle new disclosures, FSB task force says
Many banks will need to make ‘substantial changes’ to systems and processes to cope with new and more complex standards on accounting for expected credit losses, report finds
Retail banking investigation findings criticised by MP
First report from investigation on retail banking criticised by Andrew Tyrie for its findings on ‘free-if-in-credit’ model for current accounts
Sarb deputy hails role of accountants in South African recovery
François Groepe tells new cadre of chartered accountants that they have an important role in ensuring ‘structural challenges' are addressed effectively
Solid financial accounts can help central banks meet their mandates – CBP roundtable
The manner that central banks manage and present their financial accounts is becoming critical to them achieving their mandates, according to a CBP working group.
UK statistics office explains QE impact on national debt
ONS attempts to clarify accounting practices used in transferring cash reserves from Bank of England’s quantitative easing programme to the Treasury
Bundesbank paper calls for inclusion of endogenous liquidity in accounts
Researchers suggest including endogenous liquidity in mark-to-market portfolio valuations as a method of mitigating risk
Danish central bank acts to counter negative interest rate
National Bank of Denmark lowers certificates of deposit rate to -0.2%; raises banks' current account limits to help them keep funds away from negative rate
ECB article explains Eurosystem financial reporting
Monthly bulletin offers overview of Eurosystem’s financial reporting and accounting; says public interest in financial statements is growing
Naidene Ford-Hoon to head Sarb financial services wing
Accountant Naidene Ford-Hoon replaces Gerrie Terblanche as head of financial services at the South African Reserve Bank
Norges Bank takes billion dollar hit in 2009
Annual accounts show Norway's central bank lost Nkr7.6 billion ($1.16 billion) in 2009
Canadian balance sheet shrinks as liquidity programs expire
Bank of Canada reports a C$7.2 billion balance sheet contraction in 2009 as rebound in global economy reduces demand for central bank funds
Danish central bank sees profit drop 41%
National Bank of Denmark reports $500m tailing off in profits for 2009, puts development down to interest rate changes
Palestine Monetary Authority - Annual Report 2007
Last year Palestinian economic conditions improved somewhat last, the latest Annual Report from the Palestine Monetary Authority states.
Schumpeter superior to Smith
Schumpeter's creative destruction is better for understanding the nature of the US economy than Smith's invisible hand and perfect competition, according to new research from the Philadelphia Federal Reserve.
Fiscal surveillance needs more timely data
Quarterly data from the European System of Integrated Economic Accounts should be used for real-time fiscal surveillance in Europe, new research from the European Central Bank finds.
Sri Lanka waives ban on foreign accounts
The Central Bank of Sri Lanka will allow foreigners to open accounts with the country's commercial banks in a bid to close the domestic savings gap and foster growth.
Norway posts $3.4 billion loss
The Bank of Norway was NKr17.6 billion ($3.4 billion) in the red last year, accounts published on Thursday 28 February reveal.