Regulators discuss easing accounting rule on bank loan losses - source
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MADRID/ LONDON (Reuters) - Global banking regulators are in talks about easing an accounting rule to avoid lenders facing ballooning provisions for loans to companies struggling in the coronavirus pandemic, a source directly involved in the discussions said on Friday.The source said the Basel Committee of banking regulators from the world's main financial centres is holding a teleconference on Friday afternoon to discuss the accounting rule known as IFRS 9, which is mandatory in the 27 country..