Hong Kong Banks’ Study of Impairment and Covid-19 - May 2020
Mazars is delighted to publish its second HKFRS 9 Study. Mazars’ study highlights impacts and identifies the growing credit risk reported by Hong Kong banks as at 31 December 2019. Our study also suggests an approach and several actions that banks are encouraged to take into consideration in improving their impairment operating model and be more agile in responding to the current Covid-19 environment.
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