Nevertheless, I should give credit to the IASB, as IAS 39 already incorporates important concepts such as recognising impairments in groups of loans and applying experienced credit judgment to the determination of impairment. But they can still do better. 18.
Closing remarks: accounting (2)  In parallel, we also need to develop ways to bridge the gap between the accounting and supervisory models where we can. This involves identifying where the gaps are and putting appropriate filters in place based on regulatory and capital reporting requirements. I hope that these filters can be kept to an absolute minimum and only over the short term.