Chris Lucas, chief financial officer at Barclays, is the latest banking executive to voice opposition to proposed accounting rules. "Many of then proposals are too prescriptive and practically impossible to implement," Lucas said in the bank's submission to the International Accounting Standards Board. The board's proposals would shift banks from the incurred-loss model to an expected-loss model. Barclays said the changes would be subjective and complicated and could increase banks' account volatility.

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