Fears rise over breakdown in Basel and IFRS standards
Bretton Woods institutions worried about growing divergence in capital and accounting rules
There are growing fears that unilaterally imposed new risk weights and loan provisioning treatments in the US, as well as in Brazil, Russia and many other emerging economies, could undermine global bank capital and accounting standards at a time when impaired credit levels are set to rise dramatically.
Adherence to international banking rules is viewed as important to support trust in banks while providing investors with transparent financial information to assist their investment decisions. It
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