Digital Banking Strength and Strategic Funding
Regulatory Guidance on Provisioning
OSFI
BSIF
BANK FOR
INTERNATIONAL
SETTLEMENTS
IFRS
ти
"... ECL frameworks are not designed to be applied mechanistically.
Banks should use the flexibility inherent in these frameworks to take
account of the mitigating effect of the extraordinary support
measures related to Covid-19." - OSFI, April 3, 2020.
"...the Committee expects ECL estimates to reflect the mitigating
effect of significant economic support and payment relief measures...”
- Basel Committee on Banking Supervision, April 2020.
"...the measurement of ECLs are required to be based on reasonable
and supportable information that is available...without undue cost of
effort". IFRS, March 27, 2020.
EUROPEAN CENTRAL BANK
BANKING SUPERVISION
"...avoid excessively procyclical assumptions in their ECL estimations
during the COVID-19 pandemic." European Central Bank, April 1, 2020.
BANK OF ENGLAND
PRUDENTIAL REGULATION
AUTHORITY
"... ECL should be based on the most robust, reasonable and
supportable assumptions in the current environment in order to
enhance consistency and reduce the risk of firms recognising
inappropriate levels of ECL..." Bank of England, May 22, 2020
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