JAA and CGL brief bankers on IFRS and Basel

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Accounting Standards Group Head Yen Abarca (JAA) and Financial Services Risk Management partner Ian Lauron (CGL) briefed officers and members of the Bankers Institute of the Philippines (BAIPHIL) on IFRS and Basel updates and an overview on Financial Regulatory Reform, including emerging regulations such as Systematically Important Financial Institutions (SIFIs), Recovery and Resolution Planning (or ‘Living Wills’), and OTC derivatives. The talk included a discussion on how financial institutions can respond strategically to the slew of reporting and regulatory changes, including the application of Strategic Balance Sheet Management. The sessions form part of the Firm’s continuing thought leadership engagements with the industry.