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We comment on the Basel Committee’s expect credit losses consultative document

  • Deloitte comment letter on Basel Committee's expect credit losses consultative document Image

01 May 2015

We have published our comment letter on the Basel Committee on Banking Supervision’s consultative document, ‘Guidance on accounting for expected credit losses’.

The consultative document sets out supervisory expectations for banks relating to sound credit risk practices associated with implementing and applying an expected credit loss accounting framework. We support the Committee’s initiative and provide comments regarding the scope, consistency with IFRS, and audit implications.

Click to access the full comment letter.

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