Regulatory Alerts2013-02-06
Added
Transitional Directive for 2012
The directive updates reporting requirements for banking institutions for the 2012 transition year, mandating disclosures regarding credit risk, impaired debts, and loan loss provisions in quarterly and annual reports. It clarifies that certain provisions previously applicable to 2011 are not required for 2012 due to lateness, while extending the application of fair value measurement and counterparty credit risk adjustments to 2012 and 2013 reports. The directive also removes references to the initial implementation of specific IFRS standards and updates guidelines on interest income measurement and related-party transactions.
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