Negative interest rates continue to persist in Europe and look an increasing possibility in the UK. Stacey Howard, a Director in KPMG’s Financial Sector Assurance Services practice considers the potential impact on hedge accounting.
The economic effects of the pandemic have made the prospect of negative interest rates a reality across the Eurozone.
It now looks increasingly likely that the same may happen in the UK with the Bank of England warning banks and other financial institutions to prepare.
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