Expected loss provisioning under a global pandemic

Expected loss provisioning under a global pandemic

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Expected loss provisioning under a global pandemic

FSI Briefs | No 3 | 20 April 2020by Raihan ZamilPDF full text (265kb) | 9 pagesHighlightsIn response to the 2007-09 Great Financial Crisis (GFC), accounting standard setters introduced a new methodology to value loans based on expected credit losses (ECL). The previous approach, based on incurred losses, was viewed as procyclical and inconsistent with prudential objectives.

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