Add this topic to your myFT Digest for news straight to your inbox
António Horta-Osório appears unscathed by the bank’s rising bill for the PPI mis-selling scandal
IFRS 9 will improve transparency and comparability, at a cost
IASB was prompted to reconsider its guidance
The well known absurdity whereby a fall in a bank’s credit standing becomes a because it reduces the fair value of the bank’s debtsource of profit
New rules have the potential to result in a more robust system
Model moves from incurred to expected loss
Impending changes in this complex area are broadly beneficial
Proposed differences in calculating loan loss reserves to benefit non-US banks disproportionately
Investors may face sharp learning curve, but should be grateful
IASB’s draft rules would be contentious at the best of times
Rulemakers’ failure to agree on a single system undermines the progress
The complexity of derivatives makes it hard to estimate risk
‘Fiddles are easier to conceal during an asset bubble’
International Edition