Global bank watchdogs in accounting rule talks to limit loan losses
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MADRID/LONDON (Reuters) - Global regulators are discussing whether to ease an accounting rule to avoid banks facing huge provisions for loans to companies hit by the coronavirus crisis, a source involved in the talks said.The Basel Committee of banking regulators from the world's main financial centres is holding a teleconference on Friday to discuss the rule known as IFRS 9, which is mandatory in the 27 state European Union, Britain and more 100 other countries."Let's agree to kind of freeze..