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IBFed Letter on BC Guidance on Accounting for Expected Losses

5 May 2015

Given its global application, the Guidance should be principle-based and open to various approaches that are consistent with the accounting standard. This concept underlies the majority of our comments. The accounting model should be built upon credit risk management practices and processes but it should not drive the risk processes itself.

Read the full letter via the link below

IBFed Letter on BC Guidance on Accounting for Expected Losses
 
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