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Looming IFRS Rule Could Drive Increased Loan-Loss Provisions

Roberta Holland | June 25, 2014

Banks are predicting that the planned revisions to international accounting standards will have a significant impact on the way they handle loan loss provisioning, according to a recent survey by Deloitte.

Deloitte's Fourth Global IFRS Banking Survey revealed that more than half of the financial institutions polled believe the changes to International Financial Reporting Standards 9, covering financial instruments, could force their loan loss provisions to increase by as much as 50 percent.  Respondents also believe banks may have to boost the amount of capital they hold in reserve as a result of the new requirements. Roughly 70 percent expect the revised requirements to go further than the...

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