Impairment of Loans Under the New EU Expected Loss Model
EU Regulation No 2021/25 of the Commission of 13 January 2021, which took effect on 1 January 2022, amended Regulation No 1126/2008 with the changes previously introduced on 27 August 2020 in Interest Rate Benchmark Reform - Phase 2 - Amendments to IFRS 9, IAS 39.
Source: natlawreview.com