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ARTICLE · 18 JANUARY 2016

Financial Regulatory Developments Focus - January 14 2016

A&O Shearman
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On January 6, 2016, the European Commission published a report on the effect of the revised International Accounting Standard 19 on the volatility of own funds of banks and investment firms.

GlobalFinance and Banking
A&O Shearman
A&O Shearman
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In this week’s newsletter, we provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset managers and corporates.

Bank Prudential Regulation & Regulatory Capital

European Commission Publishes Assessment of the Effect of the Revised International Accounting Standard 19 on Own Funds

On January 6, 2016, the European Commission published a report on the effect of the revised International Accounting Standard 19 on the volatility of own funds of banks and investment firms. The Capital Requirements Regulation requires the Commission to assess whether the revised IAS 19 and the requirement on firms to deduct defined-benefit pension fund assets from Common Equity Tier 1 items for the purpose of calculating own funds would impact the volatility of the firm's own funds. The Commission has concluded that the potential additional volatility of own

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