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Image header Agence Europe
Europe Daily Bulletin No. 11129
ECONOMY - FINANCE - BUSINESS / (ae) accounting standards

IASB recommends provisions for expected losses

Brussels, 25/07/2014 (Agence Europe) - The International Accounting Standards Board (IASB) unveiled a new draft version of International Financial Reporting Standard, IFRS 9.

The writedown aspects of the standards are based on a depreciation model based on expected losses rather than simply actual losses. This means that banks will have to make provisions over twelve months for all their financial portfolios and if the default risk for any product or debt rises, the provisions must be...

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