February 2016

Heraclitus, an ancient Greek philosopher who lived around 500 BC said “The only thing that is constant is change.” This quote is apt for the world of banking in the 21st century. Since the global financial crisis of 2008, there has been a significant change in the way banks conduct their business, how banks are regulated and the accounting for financial instruments.

So, the key question is:  What is the impact of these changes on bank’s financial statements?