Value of expenditures incurred by the organization during the reporting period to settle interest, fees, and commissions incurred on the organization’s financial liabilities—including, among others, any client deposit accounts held by the organization, borrowings, and subordinated debt.
This metric is intended to capture all costs incurred by the organization during the reporting period that are associated with its financial liabilities, such as interest, fees, and commissions.
June 2022 - IRIS v5.3 Released (current version)
Immaterial change. Minor revisions to definition and usage guidance for clarity.
January 2020 - IRIS v5.1 Released
No change.
May 2019 - IRIS v5.0 Released
No change.
March 2016 - IRIS v4.0 Released
No change.
March 2014 - IRIS v3.0 Released
Immaterial change. Minor revision to definition language for clarity.
November 2011 - IRIS v2.2 Released
No change.
February 2011 - IRIS v2.1 Released
No change.
September 2010 - IRIS v2.0 Released
New metric. Financial Expense (FP2553) was developed via the Financial Services Working Group.