Regulatory Alerts2013-10-17
Added
Update to Transitional Directives Regarding the Measurement of Interest Income
The Supervision of Banks Department updates transitional directives for banking institutions regarding the measurement of interest income, effective January 1, 2014. The amendments modify pages 672-3, 672-4, and 699-108 of the reporting instructions, specifically addressing the application of IFRS 9 to investment companies, the treatment of prepayment fees and loan modifications under IAS 39, the accounting for credit commitment fees, the elimination of indexation differences on non-impaired loans, and the amortization schedule for deferred rights in securitization transactions.
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