UPDATE 1-Banks must use judgment on loan losses from coronavirus – global accounting body
Rules forcing banks to
provision for losses on souring loans should not be treated as
being hard and fast when it comes to dealing with fallout from
the coronavirus pandemic, the International Accounting Standards
Board (IASB) said on Friday.
provision for losses on souring loans should not be treated as
being hard and fast when it comes to dealing with fallout from
the coronavirus pandemic, the International Accounting Standards
Board (IASB) said on Friday.
Posted by Reuters
