The IASB and the FASB have today published, for public comment, proposals for accounting for impairment of financial assets such as loans managed in an open portfolio.
The proposals are published as a supplement to ED Financial Instruments: Amortised Cost and Impairment published by the IASB in November 2009, and a separate FASB exposure draft published in May 2010.

The supplementary document is open for public comment until 1 April 2011 and can be accessed via the IASB and FASB websites.

Please, find the press release herewith attached.