BIS Review 74/2004  5  enhanced discussions of the rationale behind changes in the more-subjective allowance estimates, including unallocated amounts. Thus, as both users and preparers of financial statements, bankers should encourage transparency in accounting and disclosure of risk positions.
The assumptions that have been used, the methodology BlackRock has followed and the capital percentage targets the Central Bank has set together provide an exceptionally conservative basis for recapitalizing the Irish banks.