IASB positive about progress on new loan loss standard as consultation ends

The findings of a group of credit risk experts should help IASB staff find a way to make its proposals operational, board member John Smith tells Risk

john smith
John Smith, IASB

Financial institutions have until tomorrow (June 30) to submit their comments on the new loan loss accounting standard first outlined in November 2009 by the London-based International Accounting Standards Board (IASB), as the eight-month comment period draws to a close.

But even before it has had the chance to see all of the feedback, the IASB believes it has made substantial progress since it first published its exposure draft. The expert advisory panel (EAP), a group of credit risk experts

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