
Bank loan loss provisioning during the Covid crisis
BIS Quarterly Review | March 2021 | 01 March 2021by Douglas Kiarelly Godoy de Araujo, Benjamin H Cohen and Pamela PoglianiThe Covid-19 crisis prompted a re-evaluation of banks' asset quality under conditions of extreme uncertainty. The crisis also represents the first major test of the newly introduced accounting standards for expected credit loss (ECL) provisioning.
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