BCB, the central Bank of Brazil, published a public consultation (60/2018) on norms that promote the convergence to the international best practices in the accounting regulation that is applicable to the National Financial System, in particular with the IFRS 9. The consultation contains proposals for normative acts providing for accounting criteria for constitution of provision for expected losses associated with credit risk by financial institutions and other institutions authorized to operate by BCB. Comments are requested by April 27, 2018.
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Keywords: Americas, Brazil, Banking, Accounting, Credit Risk, Provision for Expected Losses, IFRS 9, BCB
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