UK banks' ECL scenarios vary

- By Louie Woodall and Abdool Fawzee Bhollah
- 21 Feb 2019

The big four UK high street banks use very different economic scenarios to estimate the amount of cash they need to set aside to cover loan defaults.

Lenders employ an array of forward-looking simulations to size expected credit loss (ECL) provisions under IFRS 9 accounting. These are unique to each bank, meaning the number of, and economic assumptions featured in, these scenarios vary.

Barclay

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