IAS 39 Will Cause Problems For Banking Industry, Says Report


LONDON--The banking industry faces some challenges if it is to put into practice a new global standard in accounting, says a report sent in April to G7 finance ministers and central bank governors.

The report, written by a Basel Committee task force, says that in its present form International Ac counting Standard 39 might in crease the volatility of earnings re ported by banks and discourage firmwide risk management.

It also says that "significant interpretive and implementation guidance is

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