Technical roundup 4 January

Jan 03, 2019

Developments of interest this week are set out below. 



  • FRC Chairman Sir Win Bischoff commented recently on Sir John Kingman's independent review of the Financial Reporting Council.


  • Following the first period of ap­pli­ca­tion of IFRS 9 'Financial In­stru­ments' in the European Union, the European Banking Authority (EBA) is scru­ti­n­is­ing the effective im­ple­men­ta­tion of the standard by EU in­sti­tu­tions and its impact as initially observed.
  • The European Com­mis­sion has adopted the ESMA draft for a single European elec­tronic reporting format (ESEF) as Delegated Reg­u­la­tion. This reg­u­la­tion is to be applied to annual financial reports con­tain­ing financial state­ments for financial years beginning on or after 1 January 2020.