Banking And Capital Markets Insight

Welcome to the June 2011 edition of Banking and Capital Markets Insight, which focuses on technical issues currently coming out of the banking, capital markets, securities and fund management arenas.

Our articles this month cover the following diverse areas:

• Helen Shaw and Mateusz Lasik on the International Accounting Standards Board's (IASB) and the Financial Accounting Standards Board's (FASB) jointly developed Supplement on 'Financial Instruments: Impairment' and the concept of a "good book" and "bad book", with the impairment allowance on the former being the higher of the lifetime expected credit losses apportioned over the remaining life of the portfolio, and the credit losses expected to occur on assets in the portfolio in the foreseeable future;