Bank supervision and Cash flow hedge accounting: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Added link to Australian Financial Regulation)
 
imported>Doug Williamson
(Add links.)
 
Line 1: Line 1:
In the UK, the Prudential Regulation Authority (PRA) is the body responsible for the prudential regulation and supervision of banks and similar financial firms.  
''Financial reporting''.


The PRA is part of the Bank of England.
Cash flow hedge accounting deals with hedges of exposures to variability in cash flows.




In the Euro zone, the European Central Bank (ECB) regulates the financial stability of banks through its Single Supervisory Mechanism (SSM).
It is achieved by deferring in other comprehensive income (OCI), changes in value of the hedging instrument, with amounts later removed or reclassified and ultimately recognised in profit or loss at the same time as the hedged item.  


The ECB has final supervisory authority, with Euro zone member states’ national supervisory authorities providing a supporting role. The ECB directly supervises the 'most significant' banks within each Euro zone member state, with the national supervisory authority directly supervising the other (less significant) banks within its jurisdiction.
 
== See also ==
The ECB is responsible for:
*[[Cash]]
*Supervisory reviews
*[[Cash balance]]
*On-site inspections and investigations
*[[Cash flow]]
*Granting and withdrawing banking licences
* [[Fair value hedge accounting]]
*Assessing bank acquisitions
* [[Hedge accounting]]
*Ensuring compliance with European Union prudential rules
* [[Hedging]]
*If required, setting higher capital requirements to counter financial risks.
* [[IFRS 9]]
 
* [[IFRS 9 hedge accounting reforms: a closer reflection of risk management?]]
 
* [[Net investment hedge accounting]]
In the United States, bank supervision is undertaken by the Federal Reserve System, in Australia by the Australian Prudential Regulation Authority (APRA).
* [[Other comprehensive income]]  (OCI)
* [[Statement of profit or loss]]
* [[Statement of profit or loss and other comprehensive income]]


 
[[Category:Accounting,_tax_and_regulation]]
== See also ==
* [[Australian Financial Regulation]]
* [[Bank of England]]
* [[Basel III]]
* [[Capital adequacy]]
* [[Contingent capital]]
* [[European Banking Authority]]
* [[European Central Bank]]
* [[Euro zone]]
* [[Federal Reserve System]]
* [[Financial Conduct Authority]]
* [[Financial Services Authority]]
* [[Financial stability]]
* [[Home supervisor]]
* [[Host supervisor]]
* [[LCR]]
* [[NSFR]]
* [[Pillar 1]]
* [[Pillar 2]]
* [[Pillar 3]]
* [[Prudential Regulation Authority]]
* [[Resolution Authority]]
* [[Supervisory college]]
* [[Twin Peaks]]

Latest revision as of 22:49, 18 July 2022

Financial reporting.

Cash flow hedge accounting deals with hedges of exposures to variability in cash flows.


It is achieved by deferring in other comprehensive income (OCI), changes in value of the hedging instrument, with amounts later removed or reclassified and ultimately recognised in profit or loss at the same time as the hedged item.


See also