In 18 months, Thai banks need to start complying with a new Basel III liquidity risk management standard recommended by the Basel Committee on Banking Supervision. Called the Net Stable Funding Ratio (NSFR), banks will need to manage an interplay of this additional Net Stable Funding Ratio (NSFR) requirement alongside the existing Liquidity Coverage Ratio (LCR) requirement.
The Malaysian Accounting Standards Board (Board) has issued MFRS 16 Leases to replace the existing Standard on Leases, MFRS 117. MFRS 16 is word-for-word IFRS 16 Leases as issued by the International Accounting Standards Board, and has the same effective date of 1 January 2019. Earlier application is permitted provided MFRS 15 Revenue from Contracts with Customers is also applied.