IASB moves closer to regulators on cyclicality


New proposals on when to recognise and reserve for loan losses, published yesterday by the International Accounting Standards Board (IASB), will bring regulators and accountants closer on the contentious issue of pro-cyclicality, but there is still a gap to be bridged – and the IASB insists it won't be the one doing the bridging.

The proposals are the second stage of a three-part project to overhaul accounting standards for financial instruments and would replace the existing incurred loss model

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