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Deloitte writes comment letter to Basel Committee about consultative document on expected credit losses

Published on: May 01, 2015

De­loitte’s IFRS Global Office has written a comment letter to the Basel Com­mit­tee about the committee’s con­sul­ta­tive doc­u­ment Guid­ance on Ac­count­ing for Ex­pected Credit Losses.

The global office sup­ports the com­mit­tee’s ini­tia­tive of in­tro­duc­ing key su­per­vi­sory prin­ci­ples for sound credit risk prac­tices and for how these will in­ter­act with the ac­count­ing for ex­pected credit losses related to banks’ lending prac­tices. The comment letter focuses on three broad themes, including:

  • The scope of the con­sul­ta­tive doc­u­ment.
  • The con­sis­tency of the technical ac­count­ing re­quire­ments in the document’s ap­pen­dix.
  • Ad­di­tional ob­ser­va­tions about the au­ditabil­ity of 11 credit risk prin­ci­ples.


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