J. Frait: IFRS 9 and Cyclical Risks in the Banking Sector
(World News Cezch Republic)

IFRS 9 and Cyclical Risks in the Banking Sector Jan Frait Executive Director Financial Stability Department IFRS: Global rules & local use - beyond the numbers Metropolitan University Prague Prague, 10 October 2019 To Provision or Not to Provision Debate on the role of provisioning for impaired assets in banking regulation is not a new one. Borio and Lowe (2001) - To Provision or Not to Provision: A paper written prior to implementation of a new set of regulations (Basel II, IAS 39), Focuses on an inherent conflict between the interests of supervisors and accountants, Financial supervisors tend to...