EU Risk Watchdog Wants More Bank Guidance On IFRS 9

Law360, London (July 17, 2017, 3:41 PM BST) -- Supervisors should give banks more guidance on how they model their liabilities under new international financial reporting standards drawn up to help firms manage risks to financial stability that could emerge when the rules take effect next year, the European Union’s systemic risk watchdog said on Monday.

The European Systemic Risk Board — set up in 2010 to provide EU-wide macroprudential oversight — outlined how regulators should manage risks to financial stability created by new global accounting rules that fundamentally change how financial institutions classify, measure...
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