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Basel Committee issues final guidance on accounting for expected credit losses

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Dec 18, 2015

The Basel Committee on Banking Supervision has issued final guidance on accounting for expected credit losses.

Com­pris­ing 11 fun­da­men­tal prin­ci­ples, the guidance sets out su­per­vi­sory ex­pec­ta­tions for banks with respect to sound credit risk practices as­so­ci­ated with im­ple­ment­ing and applying an expected credit loss accounting framework.

For more information, see the press release and final guidance on the BIS’s Web site.

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