The European Association of Co-operative Banks (EACB) gladly takes the opportunity to comment on the Basel Committee’s consultative document on guidance on accounting for expected credit losses (ECL). As a general comment, we consider that some...
The key topics of European cooperative banks
Accounting & Auditing
The Accounting and Audit Working Group focuses on the bank-specific aspects of accounting rules and legislation as well as internal and external audit matters in the financial sector. It follows the developments of rules and legislation both in the EU institutions and international standard setters (including International Accounting Standards Board IASB).
We particularly appreciate that the draft Regulation takes into account the proportionality principle, which is reflected in the four-tiered set of reporting requirements. We are strong advocates of the implementation of this principle in legislation...
Position papers by topics
All our Position Papers, reflecting the co-operative banking opinions, are available here according to the working group that produced it. They are classified in chronological order to help you. If by any chance you can't find the one you are looking for, don't hesitate to contact us.