The accounting and regulatory challenges of banks' troubled assets

Nicolas Véron (PIIE), William (Bill) Coen (Chair, International Financial Reporting Standards (IFRS) Advisory Council) and Adnan Mazarei (PIIE)


January 13, 2021 9:00 AM to 10:00 AM EST
Virtual Event

Event Summary

Following the 2008 financial crisis, major reforms have been introduced to improve banks’ accounting for credit assets. New accounting frameworks developed by international and US standard-setters are based on expected credit loss, a departure from the pre-crisis incurred credit loss approach. The COVID-19 pandemic has raised additional issues on how to reckon for nonperforming loans in a time of revenue suppression from publicly-mandated lockdowns and, in several jurisdictions, extensive loan moratoriums.

Joining this episode of Financial Statements were:


Nicolas Véron, Senior Fellow, Peterson Institute for International Economics (PIIE)


William (Bill) Coen, Chair, International Financial Reporting Standards (IFRS) Advisory Council
Adnan Mazarei, Nonresident Senior Fellow, PIIE

Financial Statements is a virtual event series hosted twice a month by Nicolas Véron that explores changes in the world of finance, encompassing themes of financial services regulation, corporate finance and governance, systemic fragility and crises, and structural changes driving business and policy trends in the financial sector.