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Daily Archives: December 19, 2015

Guidance on credit risk and accounting for expected credit losses

Bank for International Settlement – “This document sets out supervisory guidance on sound credit risk practices associated with the implementation and ongoing application of expected credit loss (ECL) accounting frameworks. The move to ECL accounting frameworks by accounting standard setters is an important step forward in resolving the weakness identified during the recent financial crisis that credit loss recognition was too little, too late. It is also consistent with the April 2009 call by G20 Leaders for accounting standard setters to “strengthen accounting recognition of loan loss provisions by incorporating a broader range of credit information”.  This guidance, which should be viewed as complementary to the accounting standards, presents the Committee’s view of the appropriate application of ECL accounting standards. It provides banks with supervisory guidance on how the ECL accounting model should interact with a bank’s overall credit risk practices and regulatory framework, but does not set out regulatory capital requirements on expected loss provisioning under the Basel capital framework. The failure to identify and recognise increases in credit risk in a timely manner can aggravate underlying weaknesses in credit quality, adversely affect bank capital adequacy, and hinder appropriate risk assessment and control of a bank’s credit risk exposure. The bank risk management function’s involvement in the assessment and measurement of accounting ECL is essential to ensuring adequate allowances in accordance with the applicable accounting framework. In June 2006, the Basel Committee issued supervisory guidance on Sound credit risk assessment and valuation for loans to address how common data and processes may be used for credit risk assessment, accounting and capital adequacy purposes and to highlight provisioning concepts that are consistent in prudential and accounting frameworks. This document replaces the Committee’s previous guidance.”

IMF releases extensive data bases on global economies

“The IMF has released results of the Coordinated Direct Investment Survey (CDIS) on December 9, 2015, the worldwide survey of bilateral direct investment positions, with 100 economies reporting 2014 data, compared to 90 economies last year. 66 percent of the total inward direct investment position is concentrated in 10 economies.” Continue Reading

Comparing source coverage, citation counts and speed of indexing in Google Scholar and Scopus

Comparing source coverage, citation counts and speed of indexing in Google Scholar and Scopus, Henk F. Moed, Judit Bar-Ilan, Gali Halevi (Submitted on 17 Dec 2015) arXiv:1512.05741 [cs.DL] “An analysis of 1,200 target articles in 12 journals in 6 subject fields and of 7,000 citations to 36 top cited articles found in virology and chemistry… Continue Reading

New Report Highlights 10 Rare Species with No Room to Roam

Defender’s of Wildlife news release: “Fences, dams, roads, and other developments are among the leading causes of wildlife habitat fragmentation, according to a new report released today by the Endangered Species Coalition. The report, No Room to Roam: 10 American Species in Need of Connectivity and Corridors, highlights ten rare or endangered species that lack… Continue Reading

Despite predictions, print books are alive and well

Pleased to share this article via Quartz – Against all odds, print books are on the rise again in the US “For the last half decade, ever since digital books and e-readers first came on the scene, news headlines have been at war. “The physical book is dead,” some reports declared, while others vehemently argued… Continue Reading