The Prudential Regulation Authority’s (PRA) latest feedback on IFRS 9 will shape the relationship between firms, regulators, and the wider market for years ahead. In its September 2025 letter, the PRA ...
IFRS 9 was born from the ashes of the 2008 global financial crisis, a time when accounting standards notoriously allowed banks to recognise credit losses only after "the horse had bolted". While the ...