Supervisory Roles in Loan Loss Provisioning in Countries Implementing IFRS
Download or Read eBook Supervisory Roles in Loan Loss Provisioning in Countries Implementing IFRS PDF written by Ellen Gaston and published by International Monetary Fund. This book was released on 2014-09-15 with total page 41 pages. Available in PDF, EPUB and Kindle.
| Author | : Ellen Gaston |
| Publisher | : International Monetary Fund |
| Total Pages | : 41 |
| Release | : 2014-09-15 |
| ISBN-10 | : 9781484381120 |
| ISBN-13 | : 1484381122 |
| Rating | : 4/5 (20 Downloads) |
Book Synopsis Supervisory Roles in Loan Loss Provisioning in Countries Implementing IFRS by : Ellen Gaston
Book excerpt: Countries implementing International Financial Reporting Standards (IFRS) for loan loss provisioning by banks have been guided by two different approaches: International Accounting Standards (IAS) 39 and Basel standards. This paper discusses the different accounting and regulatory approaches in loan loss provisioning, and the challenges supervisors face when there are different perspectives and lack of guidance from IFRS. It suggests actions that supervisors can take to help banks meet regulatory and capital requirements and, at the same time, comply with accounting principles.
