Basel gives local supervisors latitude to set ECL relief

Guidance for IFRS 9 and Cecl phase-in leaves local regulators to decide on calibration

The Bank for International Settlements, Basel
Headquarters of the Basel Committee on Banking Supervision
Photo: Ulrich Roth

The Basel Committee on Banking Supervision has left it to local market regulators to decide what form of transitional capital relief to offer banks under their jurisdiction when they implement expected credit loss (ECL) accounting standards.

New accounting standards – International Financial Reporting Standard (IFRS) 9 and its US counterpart, the Current Expected Credit Loss (Cecl) rule – will require banks to recognise expected losses over a loan’s lifetime, rather than at the point of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here