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Home Banking Laws

CBIRC Issues Rules to Standardise ECL Processes at Banks

by Matthew Upton
May 23, 2022
in Banking Laws
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CBIRC Warns Three FIs Over Complaints Handling Violations
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The rules will address differences in how banks have implemented the ECL method, and prevent its use as a “tool” to adjust profits.

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The rules will address differences in how banks have implemented the ECL method, and prevent its use as a “tool” to adjust profits.

Get access today

Sign up for a free 2-week trial and get instant, unrestricted and unlimited access to Regulation Asia.

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Already taken your free trial? Get in touch with our team and enquire about a subscription today. Select subscribe below to view our subscription packages or you can email us at [email protected] to discuss your options.

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audit quality, Banks, CBIRC, commercial banks, credit loss method, Credit Risk, credit risk assessment, ECL, expected credit loss, financial instruments, Governance, IFRS 9, internal control, models, MOF, Risk Management

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