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IBFed Comments on BCBS Consultative Document - Regulatory Treatment of Accounting Provisions

23 Jan 2017

We support the Committee’s proposal to retain the current regulatory treatment of accounting provisions, for an interim period, under both the standardized and internal ratings-based approaches. We agree with maintaining the status quo and specifically with the Committee’s suggestion to allow local jurisdictions to extend their existing approaches to categorizing provisions as general or specific provisions measured under the applicable expected credit loss (ECL) model. This is important given the limited time until the effective adoption date of IFRS 9 by member jurisdictions.

Please read the full comments via the link below.

IBFed Comments on BCBS Consultative Document - Regulatory Treatment of Accounting Provisions
 
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