Basel III VS Accounting Standards in the Liquidity Reporting

Cipullo, Nadia; Vinciguerra, Rosa

doi:10.13189/ujaf.2014.020203

Cited by 1 publication

(1 citation statement)

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“…As mentioned, the recent economic crisis highlighted the importance of Liquidity Risk in the banking sector and led to the need to revise accounting standards, which considered of little importance the impact of this risk on the operation and stability of the banking system. Cipullo and Vinciguerra (2014) argue that liquidity management is now necessary to maintain the credibility of banking institutions, but also the stability of the entire economic system. The development of banking activities influences the nature of the exposure to liquidity risk, which is becoming increasingly complex, with the result that banking institutions have not had time to develop the appropriate tools for managing it, while the choice of how to calculate it liquidity risk depends on the banking institution concerned and on the rules adopted by the regulatory authorities.…”

Section: Application Of Ifrsmentioning

confidence: 99%

From IAS 39 To IFRS 9: Literature Review of Studies on the Implementation of IFRS in the European Banking Sector

Eriotis,

Kounadeas,

Vasiliou

2019

ijfirm

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Purpose:The study analyses theoretically the impact of accounting rules on the quality of information given by the financial statements of entities which operate in the European banking industry. Design/Methodology/Approach: Content analysis of studies on the Implementation of IFRS in the European Banking Sector. Findings: IASB introduced IFRS 9, as substitute of IAS 39, to improve mechanisms of classification and measurement of Financial Instruments, deemed as one of the main causes triggering the financial crisis. The financial crisis, which started in 2008, led regulators to believe that accounting standards contributed to financial stability or instability. Practical Implications: The primary goal of accounting standards and the financial statements produced under them is not to contribute to financial stability, but to provide information for investors to make a wide range of decisions and contractual arrangements. Originality Value: The information that accounting standard-setters consider relevant for investors may not be the same as that considered relevant by prudential regulators.

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Section: Application Of Ifrsmentioning

confidence: 99%