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The ECL model proposed by the regulator, where banks have to recognize stress much earlier, is in contrast to the existing regime where banks make provisions after incurring losses.
Chicago. no major damage was reported. another japanese automaker with a recall, this time it's honda for its 2001 and 2002 accord, civic, odyssey and crv vehicle models. the concern is over air bags deploying with too much pressure and possibly injuring passengers. the recall also applies to acura's 2002 cl model. and to pakistan now, the death toll rises from a suicide bomb attack that targeted police in the nation's tribal region. a senior pakistani government official says 11 of the confirmed 18 deaths are police officers. eight more were injured. the blast happened earlier today in pa...