FUTURE CHALLENGES TO THE ORGANIZATION OF ACCOUNTING IN TRADE BANKS

Radka Andasarova

Abstract


Trade banks are on the threshold of the introduction of two big projects which would qualitatively change the organization of accounting. The first one is the adoption of long-expected accounting standard Financial instruments IFRS 9, and the second is connected to the introduction of new world standards in bank capital famous as Basel III - a global, voluntary regulatory standard on bank capital adequacy, stress testing and market liquidity risk, through accepted in June 2013 by the EU Capital Requirements Directive 2013/36/EC and Capital Requirements Regulation 575/2013.

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References


Ernst&Young,IFRS changes impacting the banking industry-Anupdateforthe CFO, August 2012, p.5

http://www.ey.com/Publication/vwLUAssets/An_update_for_the_CFO/$FILE/EY_%20IFRS_update_for_BCM.pdf


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