The COVID-19 pandemic and banks’ current expected credit losses
Grant Data
Project Title
The COVID-19 pandemic and banks’ current expected credit losses
Principal Investigator
Professor Ng, Tee Yong Jeffrey
(Principal Investigator (PI))
Duration
30
Start Date
2021-09-01
Amount
448993
Conference Title
The COVID-19 pandemic and banks’ current expected credit losses
Keywords
1) COVID-19
2) Loan loss provisions
3) Current expected credit losses
4) Loan loss provisions timelines
5) Regulation
Discipline
Accounting
Panel
Business Studies (B)
HKU Project Code
15508421
Grant Type
General Research Fund (GRF) 2021/22
Funding Year
2021
Status
On-going
Objectives
1. To examine if the loan loss provisions of banks that adopt the CECL model during the COVID-19 pandemic are higher than those of banks that continue using the ICL model, an option made available by the CARES Act 2. To document the conditions under which the effects of adopting the CECL model on loan loss provisions are more or less pronounced 3. To compare the impacts on loan loss provisions between CECL adopters that opt for transition relief to delay such impacts and CECL adopters that do not opt for transition relief