Basel Committee eyes diverging loan-loss standards with concern

01/7/2013 | Bloomberg

The Basel Committee on Banking Supervision is concerned that the U.S. Financial Accounting Standards Board and the International Accounting Standards Board will treat loan losses differently as they pursue different impairment models. "While the boards have made significant progress in developing expected loss models, we also remain concerned as to whether the eventual standards will result in the early and timely build-up of sufficient levels of credit allowances," Basel Committee Chairman Stefan Ingves said.

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