Following the release of IFRS 17 Insurance Contracts the summer was surely well deserved. As we all head 'back to school', however, there are imminent projects that deserve attention. Organisationally it is clear that the different supranational standard setters are now aligning. Certainly with IFRS 9 Financial Instruments and the new Basel Committee on Banking Supervision (BCBS) texts around credit risk management it is evident that the International Accounting Standards Board (IASB) and the BCBS are taking into accounl each other's activities. Notably, they have now signed a memorandum of understanding to work together in order to improve the experience across the financial sector.
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