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Reflect payment breaks as ‘exceptional’ in profits, BoE says

Published on: 14 August 2020
Published by: Law360
  • Reflect payment breaks as ‘exceptional’ in profits, BoE says

Article summary

Law360, London: The Bank of England (BoE) has told lenders to reflect their losses from granting ‘payment holidays’ in the so-called exceptional items list in their profit and loss statements, to reflect the damage caused by the coronavirus (COVID-19) pandemic in their books. or take a trial to read the full analysis.

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