The completion of IFRS 9 is a significant milestone for the IASB. The new standard on financial instruments will affect all sectors though the introduction of an expected loss model for loan loss provisioning, but will impact banks most.
Commenting on today’s ONS retail sales figures, Ian Geddes, UK head of retail at Deloitte, said Today’s strong year-on-year sales figures reflect the trend of rising consumer confidence, as indicated in the Deloitte Consumer Tracker.
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