Europe mulls suspending accounting rules to aid virus-hit banks

Author: Adam Button | Category: News

That's an ugly headline

European leaders are considering suspending IFRS 9, which makes banks take losses on doubtful loans at an earlier stage than before. The ECB already said it will be flexible in enforcing existing regulations.

Call me crazy, but why would you expect anyone to invest in a bank when they can mark bonds at anything they like?

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