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Banking & Capital Markets — Accounting and Financial Reporting Update (2020)

Published on: 20 Nov 2020

The latest edition of our annual update highlights selected accounting and reporting developments that may be of interest to banking and securities entities. The COVID-19 pandemic and resulting economic downturn have presented specific challenges for the banking and capital markets sector in 2020, including government-sponsored lending through the Paycheck Protection Program, record levels of loan forbearances, increased market volatility, and the adoption or ongoing implementation of the new credit loss standard.

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