PRA IFRS 9 ECL Letter 2026: Data Governance Joins the Auditor Review
On 30 September 2026 the Prudential Regulation Authority published a Dear CFO letter from David Bailey, its Executive Director for Prudential Policy, setting out thematic feedback on IFRS 9 expected credit loss (ECL) accounting. The PRA IFRS 9 ECL letter draws on the written reports that auditors of the major UK-headquartered banks and building societies…