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Business and Economics > Finance: General

You are looking at 1 - 7 of 7 items for :

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Cover IMF Working Papers
Accounting Standards and Insurer Solvency Assessment
Peter Windsor
,
Jeffery Yong
, and
Michelle Chong-Tai Bell
The paper explores the use of accounting standards for insurer solvency assessment in the context of the implementation of IFRS 17. The paper is based on the results of a survey of 20 insurance supervisors. Overall, IFRS 17 is a welcome development but there will be challenges of implementation. Not many insurance supervisors currently intend to use IFRS 17 as a basis for solvency assessment of insurers. Perceived shortcomings can be overcome by supervisors providing clear specifications where the principles-based standard allows a range of approaches. Accounting standards can provide a ready-made valuation framework for supervisors developing new solvency frameworks.
Keywords:
WP; insurance contract; insurance supervisor; impact study; insurance liability; measurement approach; solvency position; Insurers; Supervisors; IFRS; IFRS 17; Solvency; Capital; Supervision; accounting practice; International Financial Reporting Standards; Insurance companies; Accounting standards; Insurance; Global; Africa
Cover IMF Working Papers
Supervisory Roles in Loan Loss Provisioning in Countries Implementing IFRS
Ellen Gaston
and
Mr. In W Song
Countries implementing International Financial Reporting Standards (IFRS) for loan loss provisioning by banks have been guided by two different approaches: International Accounting Standards (IAS) 39 and Basel standards. This paper discusses the different accounting and regulatory approaches in loan loss provisioning, and the challenges supervisors face when there are different perspectives and lack of guidance from IFRS. It suggests actions that supervisors can take to help banks meet regulatory and capital requirements and, at the same time, comply with accounting principles.
Keywords:
WP; loss; loan; bank; International Accounting standard; impairment loss
Cover IMF Working Papers
Supervisory Roles in Loan Loss Provisioning in Countries Implementing IFRS
Ellen Gaston
and
Mr. In W Song
Countries implementing International Financial Reporting Standards (IFRS) for loan loss provisioning by banks have been guided by two different approaches: International Accounting Standards (IAS) 39 and Basel standards. This paper discusses the different accounting and regulatory approaches in loan loss provisioning, and the challenges supervisors face when there are different perspectives and lack of guidance from IFRS. It suggests actions that supervisors can take to help banks meet regulatory and capital requirements and, at the same time, comply with accounting principles.
Keywords:
WP; loss; loan; bank; International Accounting standard; impairment loss; Supervisory role; loan loss provisioning; IFRS implementation; recognition model; loss recognition; loss estimate; credit loss; bank supervisor; International Financial Reporting Standards; Loan loss provisions; Credit risk; Credit; Capital adequacy requirements; Global
Cover IMF Working Papers
Procyclicality and Fair Value Accounting
Ms. Jodi G Scarlata
,
Mr. Juan Sole
, and
Alicia Novoa
In light of the uncertainties about valuation highlighted by the 2007-2008 market turbulence, this paper provides an empirical examination of the potential procyclicality that fair value accounting (FVA) could introduce in bank balance sheets. The paper finds that, while weaknesses in the FVA methodology may introduce unintended procyclicality, it is still the preferred framework for financial institutions. It concludes that capital buffers, forward-looking provisioning, and more refined disclosures can mitigate the procyclicality of FVA. Going forward, the valuation approaches for accounting, prudential measures, and risk management need to be reconciled and will require adjustments on the part of all parties.
Keywords:
WP; business cycle; fair value; bank balance; balance sheet volatility; FV balance sheet; Procyclicality; fair value accounting; bank capital; historical cost; yield curve; active market; funding condition; risk profile; stock market index; capital position; equity capital; banks' balance sheets; Financial statements; Business cycles; Securities; Loans
Cover IMF Working Papers
Analyzing Balance Sheet Vulnerabilities in a Dollarized Economy: The Case of Georgia
Mr. Andreas Billmeier
and
Mr. Johan Mathisen
Balance-sheet analysis (BSA) complements traditional flow-oriented macroeconomic analysis by gauging mismatches in aggregate and sectoral balance sheets of an economy. Enabled by recent progress in data availability, this paper applies BSA to Georgia, focusing on currency mismatches. In reviewing developments over the last five years, the paper finds that the still-high level of dollarization continues to create financial vulnerabilities, but that the overall level of currency mismatch has fallen and that liquidity problems are unlikely, in part owing to a strengthening of sectoral buffers, hedges, and insurance against shocks. Policy recommendations include accumulating reserves, strengthening securities markets, enhancing banking supervision, and maintaining a flexible exchange rate.
Keywords:
WP; foreign exchange; foreign currency; commercial bank; banking system; balance sheet; central bank; Balance-sheet analysis; BSA; Georgia; vulnerabilities; currency mismatch; liquidity position; maturity mismatch; cash flow; one-off foreign-currency receipts; foreign exchange exposure; Commercial banks; Currencies; Currency mismatches; International reserves; Asia and Pacific
Cover IMF Research Bulletin
IMF Research Bulletin, September 2002
International Monetary Fund. Research Dept.
The IMF Research Bulletin, a quarterly publication, selectively summarizes research and analytical work done by various departments at the IMF, and also provides a listing of research documents and other research-related activities, including conferences and seminars. The Bulletin is intended to serve as a summary guide to research done at the IMF on various topics, and to provide a better perspective on the analytical underpinnings of the IMF’s operational work.
Keywords:
IRB; market; balance sheet variable; TFP growth; capital; IMF research; factor input; monetary policy transmission mechanisms; sustainability issue; portfolio equity stock; Total factor productivity; Emerging and frontier financial markets; Stock markets; Capital flows; Growth accounting; Global; Asia and Pacific; Europe; Sub-Saharan Africa; East Asia
Cover IMF Working Papers
The Treatment of Nonperforming Loans in Macroeconomic Statistics
Mr. Cornelis N Gorter
and
Mr. Adriaan M. Bloem
This paper seeks to promote discussion on the treatment of nonperforming loans in macroeconomic statistics. After reviewing current recommendations in international statistical manuals and the guidelines provided by some main banking and accounting institutions, the paper recommends that the information on nonperforming loans provided by macroeconomic statistics should be expanded. The paper concludes with a list of issues that deserve further study.
Keywords:
WP; loan; amount; value; debt; loan portfolio; General statistics; loan accounting; loan provisioning; valuation rule; item loan provision; financial asset; Loans; Nonperforming loans; Distressed assets; Securities