BoE to gather info on loan loss provisions ahead of Q2 results

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BoE to gather info on loan loss provisions ahead of Q2 results

Bank_of_England_PA_575x375_040620

The head of the Prudential Regulation Authority (PRA) has sent a letter to banks confirming its guidance on how to provision for expected credit losses (ECLs) amid the coronavirus pandemic. The UK regulator also said that it would be asking for more information around loan loss provisions in an effort to identify "significant outliers" in the market.

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