pcjohnz: 3:51pm Dec 14, 2006: I believe that here we are talking about general vs. specific risk. For example, provisions might be made on a statistical basis for the overall risk. pcjohnz: 3:53pm Dec 14, 2006: For example, Bank of America might make a general provision against loans of 1%, but would make a specific provision against loans to Enron (say 60-100%). Standard terminology General vs. Specific pcjohnz: 4:14pm Dec 14, 2006: My previous comments relate to the lending portfolio. Banks typically also make reserves for General Banking Risks
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peer agreement (net): +1
