Summary from the original article
India's central bank has informed some lenders about the need to adjust bond forward accounting practices. This change could impact billions of dollars in assets across the banking sector. The Reserve Bank of India suggested using Level 3 inputs for valuing bond-forward trades during recent audits. Banks have been in discussions with industry associations and clearinghouses for potential solutions and better pricing information.
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Upgrade this serverIndia's central bank has informed some lenders about the need to adjust bond forward accounting practices. This change could impact billions of dollars in assets across the banking sector. The Reserve Bank of India suggested using Level 3 inputs for valuing bond-forward trades during recent audits. Banks have been in discussions with industry associations and clearinghouses for potential solutions and better pricing information.
2 days ago · economictimes.indiatimes.com · You are reading this one