BoE’s Taylor argues for solution to IFRS 9 ‘headache’

Martin Taylor

Bank of England official Martin Taylor urged his colleagues to change the way International Financial Reporting Standards are implemented, to avoid damage to crisis-hit banks.

The latest IFRS 9 standards are intended to make banks’ provision for losses, something the BoE supports, but in some circumstances that may cause problems, said Taylor. A bank that foresees losses too late or comes under too much pressure from its auditors could overestimate provisions “in the depths of a crisis”.


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: