New rules for bank capital? IASB seeks opinions on new risk assessment models to more accurately reflect risk exposure.

According to the Wisdom Financial APP, the International Accounting Standards Board (IASB) is seeking feedback on a new bank risk assessment model. The organization launched a consultation on a new risk mitigation accounting model on Wednesday, stating that this is the result of years of communication and negotiation between IASB and banks looking to more flexibly reflect their risk management strategies in financial statements. Under the new model, banks will be able to provide investors with a clearer understanding of their risk management situation, such as risks related to changes in interest rates.