IFRS 9 packs bigger punch than Basel changes, say bankers
Capital hit from new loan loss accounting rules to rival incoming Basel regulations
New accounting standards set to take effect in 18 months' time are expected to have an even greater impact on banks' capital levels and balance sheets than any other regulation coming online, according to bankers.
International Financial Reporting Standard 9 (IFRS 9), which is set to go live in January 2018, will introduce forward-looking expected loss accounting for assets such as impaired loans
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