IACPM Comments on Guidance on Accounting for Expected Credit Losses

The IACPM submitted a comment letter to the Basel Committee in response to the Consultative Document “Guidance on accounting for expected credit losses” released February 2015, addressing the topics of Use of Forward-looking Information, Guidance for Credit Risk Management versus Accounting, 12-month Expected Credit Loss, Significant Increases in Credit Risk, Use of Practical Expedient/Proportionality Issue, the Interaction between new Provision Approaches and Capital Treatment, Disclosure, Definition of Default and US GAAP.

Click here to access IACPM’s comment letter

Complete listing of comments received by the BCBS