{"id":5385,"date":"2017-02-22T00:03:38","date_gmt":"2017-02-21T15:03:38","guid":{"rendered":"http:\/\/www.irken.jp\/gn\/?p=5385"},"modified":"2017-02-21T13:06:58","modified_gmt":"2017-02-21T04:06:58","slug":"euromoney-february-issue-7","status":"publish","type":"post","link":"http:\/\/www.irken.jp\/gn\/?p=5385","title":{"rendered":"Euromoney (February Issue)"},"content":{"rendered":"<p>\u201cNew accounting rules requiring banks to take upfront charges against possible losses through the full life of a loan promise damaging pro-cyclicality.\u201d IFRS 9 comes into effect next January. It \u201cwill require banks to recognize expected loan losses even before borrowers miss a single interest or principal repayment.\u201d This major change \u201cwill hit both reported earnings and capital even if a borrower manages to remain current on debt servicing.\u201d Uncertainty abounds, but it looks like \u201cUS and Japanese banks will be subject to their own variant, current expected credit loss (CECL), under US GAAP.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cNew accounting rules requiring banks to take upfront charges against possible losses through the full life of a loan promise damaging pro-cyclicality.\u201d IFRS 9 comes into effect next January. It \u201cwill require banks to recognize expected loan losses even before borrowers miss a single interest or principal repayment.\u201d This major change \u201cwill hit both reported [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[5641,85,1790,415,6597,606,6598,6595,54,6594,6596,1976,6593],"class_list":["post-5385","post","type-post","status-publish","format-standard","hentry","category-global-news","tag-accounting-rules","tag-banks","tag-borrowers","tag-capital","tag-cecl","tag-earnings","tag-gaap","tag-ifrs-9","tag-interest","tag-loan-losses","tag-principal","tag-repayment","tag-upfront-charges"],"_links":{"self":[{"href":"http:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/5385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5385"}],"version-history":[{"count":1,"href":"http:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/5385\/revisions"}],"predecessor-version":[{"id":5386,"href":"http:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/5385\/revisions\/5386"}],"wp:attachment":[{"href":"http:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5385"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}