Bespoke accounting rules a boon for ECB, study finds

Bank's accounting framework has lowered profits but boosted buffers

The European Central Bank

The European Central Bank's (ECB) bespoke accounting rules have made its financial buffers sturdier and its profits less volatile compared with central banks that use the International Financial Reporting Standards (IFRS) framework, according to a study by the bank.

According to Why accounting matters – a central bank perspective, the ECB's accounting standards have made the bank financially stronger than if it had adopted a "pure IFRS approach" – even though profits and profit distribution

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