New Accounting Rules Are Giving Banks a Coronavirus Headache – The Wall Street Journal

Some of the rules introduced to protect banks after the 2008 financial crisis are aging better than others in the 2020 one.

European regulators are working furiously with the region’s banks to keep its financial system ticking over as Western economies are hit by the coronavirus shutdown. Many of the regulations forged in the meltdown 12 years ago have proved effective, but there is one clear exception: an accounting change pushing banks to write down loans earlier.

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