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Pakistan Affairs
Pakistan Economy
SBP warns banks against default on sovereign loans
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<blockquote data-quote="waq" data-source="post: 13536549" data-attributes="member: 33046"><p>SBP is merely asking the banks to implement IFRS-9 and recognize provision for expected credit losses (ECL).... IFRS -9 has so far not been adopted by the banks and the older IAS-39 was in effect... there is no warning of default by SBP as the OP has put it lol.</p></blockquote><p></p>
[QUOTE="waq, post: 13536549, member: 33046"] SBP is merely asking the banks to implement IFRS-9 and recognize provision for expected credit losses (ECL).... IFRS -9 has so far not been adopted by the banks and the older IAS-39 was in effect... there is no warning of default by SBP as the OP has put it lol. [/QUOTE]
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SBP warns banks against default on sovereign loans
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