Supervisory Roles in Loan Loss Provisioning in Countries Implementing IFRS
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Summary:
Countries implementing International Financial Reporting Standards (IFRS) for loan loss provisioning by banks have been guided by two different approaches: International Accounting Standards (IAS) 39 and Basel standards. This paper discusses the different accounting and regulatory approaches in loan loss provisioning, and the challenges supervisors face when there are different perspectives and lack of guidance from IFRS. It suggests actions that supervisors can take to help banks meet regulatory and capital requirements and, at the same time, comply with accounting principles.
Series:
Working Paper No. 2014/170
Subject:
Banking Capital adequacy requirements Credit Credit risk Financial regulation and supervision International Financial Reporting Standards Loan loss provisions Money
English
Publication Date:
September 15, 2014
ISBN/ISSN:
9781484381120/1018-5941
Stock No:
WPIEA2014170
Pages:
41
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