U.S. regulators allow banks to avoid capital hit from new accounting standard for two years
U.S. banking regulators
announced Friday that banks would have the option of ignoring
the capital implications of a new global accounting standard for
two years in a bid to ensure banks continue lending through the
pandemic.
announced Friday that banks would have the option of ignoring
the capital implications of a new global accounting standard for
two years in a bid to ensure banks continue lending through the
pandemic.
Posted by Reuters
