Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
READ MORERBA warns of insolvencies following extended lockdown
In its latest Financial Stability Review, the central bank noted that businesses in pandemic-affected industries or located in regions that have experienced prolonged lockdowns are more likely to be running down their buffers and some could face debt repayment difficulties.
“Despite the significant policy support, it is likely that not all businesses will recover and insolvencies will rise, although this will be from a low level,” the bank said.
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