Question
As per the guidelines of the Basel Committee for Banking
Supervision (BCBS), credit losses on stage 1 assets will be categorised as _______ provisions and credit losses on stage 3 assets will be categorised as _________ provisions?Solution
As per the guidelines of the Basel Committee for Banking Supervision (BCBS), credit losses on stage 1 assets will be categorised as general provisions and credit losses on stage 3 assets will be categorised as specific provisions.
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