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Regulation, Risk & Compliance
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Some UAE banks ask for further temporary relaxations on key IFRS 9 compliances
A number of UAE banks, especially those with restructured loan exposures to corporates and SMEs, are seeking more – and temporary – relaxations in complying with the IFRS 9 [International Financial Reporting Standards 9]. The adoption of this accounting standard, from January 2018, meant the ECL (Expected Credit Losses) provisions…
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Click here to read the full story: Gulf News