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      The requirements of commercial law (HGB) form the basic accounting standards for companies in Germany. The International Financial Reporting Standards (IFRS) are international accounting regulations for companies issued by the International Accounting Standards Board (IASB). They are intended to regulate the preparation of internationally comparable annual and consolidated financial statements, independently of commercial law regulations.

      The implementation of these national and international requirements poses major challenges for many companies in the financial services sector – there is no standard solution.

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      KPMG supports financial institutions in optimizing IFRS 9 and in preparing for and implementing the new requirements from the Exposure Draft “Risk Mitigation Accounting.”

      Customised solutions for your success

      The Accounting Standard Change & Implementation team at KPMG therefore focuses on individually tailored solutions for the implementation of new or amended HGB and IFRS standards in the financial sector.

      We analyse our clients' needs in detail – starting with the analysis of strategic implications, through the technical design and implementation of the target solution, to the stabilisation and optimisation phases.

      For each phase of implementation, we offer proven and innovative KPMG tools and software solutions to ensure an efficient implementation process.

      We are happy to assist you in the following areas:


      Support in the implementation and stabilisation phases

       
      We prepare banks, insurance companies and financial service providers specifically for the latest international developments in accounting. The focus is particularly on the introduction of IFRS 18 "Presentation and Disclosure in Financial Statements", which fundamentally reorganises the structure and disclosure of financial statements, especially the income statement. In addition, the Exposure Draft (ED) on IFRS 9: Risk Mitigation Accounting (previously discussed under Dynamic Risk Management / DRM) was published at the beginning of December 2025. The ED creates a forward-looking framework for the management and reporting of interest rate risks in the banking book. This affects all credit institutions that use IAS 39 and will continue to hedge their interest rate risks in overall portfolios using macro hedge accounting. We are happy to support our customers from the preliminary study to full implementation.

      Our solution efficiently integrates complex requirements into your existing processes and systems. We combine functional design with technical implementation: we realign reporting structures and charts of accounts while automating your current disclosure requirements.

      In addition, we show ways to efficiently automate new complex process steps and integrate them into a digital process landscape. Our solution also ensures the transition between national and international requirements as well as between regulatory and economic information. In this way, we create a stable foundation for financial service providers to implement the upcoming changes securely and sustainably. 

      Harmonisation with regulatory requirements

       
      The introduction of new regulatory requirements by the European Banking Authority and the European Central Bank is leading to increasingly complex interactions with commercial law requirements. Our solutions for harmonising different requirements help to avoid parallel process steps as far as possible while fully complying with regulatory requirements.
       

      Act now: speak to our experts

      We would be happy to present our solutions to you in a workshop tailored to your individual needs. We look forward to hearing from you.


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