Decision Sciences
5 years ago

New financial standards lead to reduced profits for commercial banks.

1 view
2019 International Conference on Economic Management and Model Engineering (ICEMME)
The Impact of New Financial Instrument Standards on Commercial Banks' Accounting-A Estimation of Bank of Nanjing
Yongli Wu

Paper Summary

The new financial instrument standards have changed how commercial banks like Bank of Nanjing account for their assets. The standards have a small impact on how assets are classified, but they significantly increase the amount of impairment accounting, reducing the bank's profits.

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