"We do not recognise this debt," was the slogan of the militant trade unions, from teachers to dockers, that went on strike this week.
Under that method, banks make ongoing assessments of debtors and watch for "triggering events" that force them to recognise bad debt earlier than the FASB's rules would require.
"In the period when we were in office, they, as you know, made sacrifices in the greater interest and I think it is ungenerous in the extreme that the conservative political forces in this country don't recognise the debt we owe to the organised trade union movement.
Lenders may have recognised many of their debts on empty property developments, but have done little to recognise the debts on their distressed mortgage lending.
They are more leveraged than their American peers, the charge goes, and far slower to recognise bad debts.
Mr Rajan says he will stop tycoons from exploiting the system and force banks to recognise bad debts.
"This is not about legal issues but about recognising the debt this country owes Alan Turing".
"a very significant gesture by our British friends towards recognising the debt of honour owed to all shipmates irrespective of nationality who lost their lives in the Second World War". in the National Memorial Arboretum in England.
They tend to be in poorer shape than their private rivals, with lower capital levels, lower profitability (meaning they generate less new capital), higher officially recognised bad debts and lower provisions held against those bad debts.Among public-sector banks the burden is loaded on smaller lenders.
In the first quarter UniCredit, an Italian bank, recognised bad debts in Ukraine and Kazakhstan equivalent to an annualised rate of about 5% of loans.
It also shows the need to recognise that personal debt is going to become more not less of a problem in the years ahead".
