There is an article in the Financial Times today that says: New accounting rules could cripple parts of the banking sector by forcing earlier recognition of loan losses, as the coronavirus pandemic threatens to push the world into recession. “There is a problem with the new accounting rules,” which would “increase provisioning in a dramatic way”, […]
source https://thebtrader.com/2020/03/17/what-we-need-now-is-honest-accounting-and-not-a-revision-to-ifrs9/?utm_source=rss&utm_medium=rss&utm_campaign=what-we-need-now-is-honest-accounting-and-not-a-revision-to-ifrs9
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