BoE updates IFRS 9 guidance as UK extends payment holidays

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BoE updates IFRS 9 guidance as UK extends payment holidays

Tyler Davies
May 22, 2020 01:00 PM
Bank_of_England_PA_575x375_220520
A general view of the Bank of England in London as interest rates were today slashed to an all-time low of 1.5\%. | Jeff Moore/Jeff Moore/PA Images

The Bank of England has reminded UK lenders to apply ‘sound risk management practices’ in the capital treatment of their mortgages amid Covid-19, after the Financial Conduct Authority extended its payment holiday scheme by another three months.

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