IFRS 9 prompts Asian banks to downgrade loan books
DBS raises provisioning on weaker energy loans fourfold in third quarter, citing rules impact
Asian banks have begun downgrading parts of their loan books to counteract spikes in loss provisioning they fear will accompany new accounting standards from next year.
International Financial Reporting Standard 9 requires banks to recognise expected losses for a loan over its entire lifetime once a “significant deterioration” in credit quality is determined. These determinations must be
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