Australia regulator says banks must provision for virus loan holiday
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SYDNEY (Reuters) - Australia's banking watchdog on Monday said lenders must account for possible loss from the loan repayment holidays they offered borrowers affected by the coronavirus last week, to ensure banks keep stakeholders informed of action taken amid the outbreak.The Australian Prudential Regulation Authority (APRA) said banks must publicly disclose the volume of such loans as well as the nature and terms of any repayment deferral. Banks do not need to classify the loans as being in..