11.1. Financial Reporting Standards (IFRS Adoption)
The Bangladesh Bank (BB) has outlined a strategic plan to implement the Expected Credit Loss (ECL) methodology, in line with International Financial Reporting Standard (IFRS) 9, by 2027. This transition from a traditional rules-based loan classification system to a forward-looking, risk-based approach aims to improve credit risk assessment by considering past events, current conditions, and […]
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