TITLE

New accountancy rules 'may hit lending and raise mortgage costs'

AUTHOR(S)
Thomas, Paul
PUB. DATE
July 2015
SOURCE
Mortgage Strategy (Online Edition);7/29/2015, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the potential impact of accountancy rules known as the International Financial Reporting Standard 9 (IFRS9) issued by the International Accounting Standards Board to change the way banks handle bad debts. Topics covered include the possible effects of the rules on lending levels and mortgage costs upon implementation in 2018, the highlights of a bank survey published by professional services network Deloitte in May 2015, and factors that may affect mortgage pricing.
ACCESSION #
108679833

 

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