Regulators offer relief on banks' loan losses due to pandemic

This post was originally published on this site
https://i-invdn-com.akamaized.net/news/LYNXMPECBE0OL_M.jpg

The Basel Committee said it has agreed to amend its transitional arrangements for deciding how much capital must be set aside to cover anticipated losses on loans.

“The adjustments will provide jurisdictions with greater flexibility in deciding whether and how to phase in the impact of expected credit losses on regulatory capital,” the Committee said in a statement on Friday.

Add Comment