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KM Financial Solutions | UPDATE 1-Banks must use judgment on loan losses from coronavirus – global accounting body
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UPDATE 1-Banks must use judgment on loan losses from coronavirus – global accounting body

26 Mar UPDATE 1-Banks must use judgment on loan losses from coronavirus – global accounting body

Posted at 17:49h in News by
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Rules forcing banks to
provision for losses on souring loans should not be treated as
being hard and fast when it comes to dealing with fallout from
the coronavirus pandemic, the International Accounting Standards
Board (IASB) said on Friday.

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