Browsing: income

Fixed income has reached a point where the speed of the data foundation is becoming as important as the breadth of the data itself. The market is no longer organised around a neat end-of-day rhythm. Portfolios span public and private credit, securitised products, ETFs, benchmarks and derivatives. Liquidity is fragmented across venues and protocols. Risk,…

KPMG reports on ASU 2019-12, which removes certain exceptions for recognizing deferred taxes for investments, performing intraperiod allocation and calculating income taxes in interim periods. The ASU also adds guidance to reduce complexity in certain areas, including recognizing deferred taxes for tax goodwill and allocating taxes to members of a consolidated group.