Asset sales could ramp up as second wave of IFRS effects hits

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By Owen Sanderson
17 May 2018

As banks and investors assess the impacts of IFRS 9, introduced this year, a second wave of effects from the new accounting rule could hit the market and spur asset sales from banks and pushing interest rates sharply higher for consumers.

The rules came in for most large banks in January this year, prompting a wave of writedowns and balance sheet tweaks in banks’ first quarter numbers.

UniCredit, for example, disclosed a 104bp hit to its common equity tier one (CET1) ratio from the new rules, while National Bank ...

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