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Accounting for financial instruments in the banking industry : conclusions from a simulation model

Gebhardt, Günther; Reichardt, Rolf; Wittenbrink, Carsten - 2003 - Revised: November 2003

The paper analyses the effects of three sets of accounting rules for financial instruments - Old IAS before IAS 39 … became effective, Current IAS or US GAAP, and the Full Fair Value (FFV) model proposed by the Joint Working Group (JWG) - on … IAS a fully hedged bank can portray its zero economic earnings in its financial statements. As Old IAS offer much …

Persistent link: https://www.econbiz.de/10009765358

The economic consequences of including fair value adjustments to shareholders' equity in regulatory capital calculations

Chircop, Justin; Novotny-Farkas, Zoltán - 2014 - First draft: April 10, 2014, This draft: September 18, 2014

We investigate the economic consequences of the implementation of a particular aspect of Basel III in the U.S. Specifically, the Basel III proposal and the corresponding U.S. rule (hereafter referred to as the removal of the AOCI filter) to make the inclusion of unrealized fair value gains and...

Persistent link: https://www.econbiz.de/10010429138

Fair value accounting for financial instruments : does it improve the association between bank leverage and credit risk?

Blankespoor, Elizabeth; Linsmeier, Thomas J.; Petroni, … - 2012

Many have argued that financial statements created under an accounting model that measures financial instruments at fair value would not fairly represent a bank's business model. In this study we examine whether financial statements using fair values for financial instruments better describe...

Persistent link: https://www.econbiz.de/10010259894

The Effects of the Fair Value Option Under IAS 39 on the Volatility of Bank Earnings

Fiechter, Peter - 2011

Using an international sample of 222 banks from 41 countries, this study examines whether the fair value option (FVO) affects earnings volatility. Prior empirical studies associate higher levels of earnings volatility with fair value accounting (Barth et al. 1995; Hodder et al. 2006). In contrast, I...

Persistent link: https://www.econbiz.de/10013131351

Why Banks Elected SFAS No. 159’s Fair Value Option : Opportunism versus Compliance with the Standard’s Intent

Liu, Chi-Chun - 2011

Persistent link: https://www.econbiz.de/10013134053

Application of the Fair Value Option Under IAS 39 : Effects on the Volatility of Bank Earnings

Fiechter, Peter - 2011

This study examines whether the application of the fair value option (FVO) induces different levels of earnings volatility during the time period from January 2006 until July 2007 using an international sample of 227 banks from 42 countries. Although fair value accounting is generally believed...

Persistent link: https://www.econbiz.de/10013134786

Cater to the Regulatory Requirements and the Application of Fair Value Accounting - Evidence from Listed Banks in China

Tan, Hongtao - 2013

This paper investigates the relationship between fair value accounting and the behavior adjustment of commercial banks which is aimed at catering to the regulatory requirements by using a dataset from Chinese listed commercial banks from 2007-2011.The empirical results show that (1) The...

Persistent link: https://www.econbiz.de/10013085165

Agency Problems, Accounting Slack and Banks’ Response to Proposed Reporting of Loan Fair Values

Hodder, Leslie D. - 2014

We investigate the determinants of banks' responses to the United States Financial Accounting Standard Board's 2010 Exposure Draft that proposes fair value measurement for most financial instruments. Over 85 percent of the 2,971 comment letters were received from banks, with most bank-affiliated...

Persistent link: https://www.econbiz.de/10013066353

Does Fair Value Accounting Contribute to Systemic Risk in the Banking Industry?

Khan, Urooj - 2019

I investigate whether fair value accounting can contribute to the banking industry's systemic risk. I focus on the adoption of SFAS No. 115, which required available-for-sale (AFS) securities to be recognized at fair value with unrealized gains and losses included in equity through accumulated...

Persistent link: https://www.econbiz.de/10012897033

Liberal Fair Value Accounting in Banks : A South African Case Study

de Jager, Phillip - 2018

Research findings on the role of fair value accounting (FVA) in the global financial crisis can be interpreted to find that FVA is not applied neutrally by banks. The results of FVA are accepted when they contribute to higher profits and are actively resisted when they lead to losses. The aim of...

Persistent link: https://www.econbiz.de/10012940183

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