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Meeting on Bank Accounting and Financial Stability: Risks and Challenges
  • DATE:
    July 19-21, 2016, Santiago, Chile.
  • Deadline registration date:
    June 24, 2016
    CEMLA, Banco Central de Chile, Banco de España and ASBA.
    Relevance of the International Financial Reporting Standards (IFRS). Accounting rules versus accounting criteria. Capital markets and the IFRS. Interplay of bank accounting and financial stability: value, credit risk and consolidation. Micro and macroprudential perspective of financial stability. Sources of risk for financial stability: credit cycles and financial integration. Accounting valuation. Fair value (FV) reliability. Efficacy of existing models to determine the FV. FV and banking procyclicality. Credit risk and FV. Tangible assets’ value and implications for financial stability. Suitability of FV to valuate certain assets. Country experiences in the implementation. Expected and incurred losses (IFRS 9). IASB impairment model. FASB impairment model. Criteria for a sound credit risk management: the Basel Committee on Banking Supervision approach. Credit risk impairment and cyclicality. Practical aspects of the credit risk estimates in banking and financial reporting. Countercyclical provisions. Country experiences in implementing countercyclical provisions. Accounting consolidation in the IASB model. Pillars of accounting consolidation. Accounting and regulatory consolidation. Regulatory and accounting capital: adjustments in Basel III. Focus and impact on i) deffered taxes, ii) goodwill and iii) contingent convertible capital instruments (CoCos). Business out of the accounting consolidation: shadow banking. Practical cases for consolidation of conglomerates. Country experiences in implementing Basel III. Challenges ahead for the authorities concerning the regulation, accounting and financial stability. Challenges ahead for the industry about the regulation, accounting and financial stability.
  • Objective:
    Promote an open discussion among Latin America and Caribbean central banks and financial supervisory agencies on relevant issues derived from the interplay of financial stability and bank accounting, such as the importance of adequate financial information (reliable, relevant, timely and comparable), reliable prices and valuation of traded financial assets and best practices to ensure market discipline and transparency.
    Members of the Financial Information Forum and other officials who are responsible for the areas handling and using financial information at central banks and financial authorities.
    English and Spanish with simultaneous translation.
    Raúl Morales.
    Financial Markets and Infrastructure Manager
    Phone: +52 (55) 5061-6676
    Email: mmorales@cemla.org


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