Search: IFR
RBA Glossary definition for IFR
IFR – Interchange Fee Regulation
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Appendix B: Data
31 Dec 2015
RDP
2015-06
Compared to the previous standards, IFRS allows less scope for banks to hold provisions against expected future losses. ... The overall effect of the change is that both credit losses and interest income are higher under IFRS than under the previous
https://www.rba.gov.au/publications/rdp/2015/2015-06/appendix-b.html
Measuring Credit Losses
31 Dec 2015
RDP
2015-06
Prior to the adoption of IFRS in Australia, individual provisions were called specific provisions, and collective provisions were called general provisions. ... The adoption of IFRS in 2006 constrained the extent to which Australian banks could raise
https://www.rba.gov.au/publications/rdp/2015/2015-06/mea-cre-losses.html