PRA reviewing need for new accounting at UK banks – Carney

Bank accounting has improved in past two years, BoE governor tells hearing

Mark Carney, Bank of England

UK regulators are considering whether banks need to file a parallel set of accounts to reflect supervisors' view of their health, Mark Carney, governor of the Bank of England (BoE) told the economic affairs committee of the House of Lords on Tuesday. The verdict will be published by the Prudential Regulation Authority (PRA) in the second or third quarter of this year, he said.

Banks in the UK follow International Financial Reporting Standards (IFRS) and Carney noted these are improving, in part

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