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Final Report on IFRS9 implementation by EU institutions
The EBA’s monitoring of IFRS 9 implementation by EU institutions confirms need to timely address practices misaligned with expectations
The European Banking Authority (EBA) today published its second Report on the International Financial Reporting Standard (IFRS) 9 implementation by EU institutions complementing the observations already included in the last IFRS 9 Monitoring Report, published in November 2021. This Report focuses on high default portfolios (HDPs) and aims to promote further improvements in the ECL model practices among EU institutions by providing transparency on the major areas of concern identified by the EBA. In line with the IFRS 9 Roadmap, the EBA will continue monitoring and promoting the consistent application of IFRS 9.
2023 10 04 EBA letter to IASB on PiR IFRS 9 impairment.pdf
2022 01 25 EBA letter to IASB re IFRS 9 PiR.pdf
EBA reply to IASB request for information on post-implementation of IFRS 9 Financial instruments - classification and measurement
IFRS9 monitoring report.pdf
IFRS 9 monitoring report
EBA notes significant efforts in IFRS 9 implementation by EU institutions but cautions on some of the observed accounting practices, especially in the context of the COVID-19 pandemic
The European Banking Authority (EBA) published today a Report summarising the findings arising from the monitoring activities on the International Financial Reporting Standard (IFRS 9) implementation by EU institutions. The aim of this Report is to assist supervisors evaluate the quality and adequacy of IFRS 9 Expected Credit Loss (ECL) models, in order to contribute to a high-quality and consistent application of the IFRS 9 standard in the EU. In line with the IFRS 9 Roadmap, the EBA will continue monitoring and promoting consistent application of IFRS 9, as well as working on the interaction with prudential requirements.
Final Report Draft RTS methods of consolidation.pdf
Final draft RTS on methods of prudential consolidation under Article 18 of CRR
EBA published final draft technical standards specifying the methods of prudential consolidation
The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) specifying the conditions according to which consolidation shall be carried out in line with Article 18 of the Capital Requirements Regulation (CRR). The aim of these draft RTS is to ensure that the appropriate method of prudential consolidation is applied for the calculation of the CRR requirements on a consolidated basis. Compared to the Consultation Paper, the final draft RTS have been revised also to reflect the amendments introduced as part of the Risk Reduction Measures Package adopted by the European legislators.
Article 473a
Introduction of IFRS 9Article 134
Other itemsRoadmap for IFRS 9 deliverables.pdf
Roadmap for IFRS 9 deliverables
Report on IFRS 9 impact and implementation.pdf
Report on the EBA’s first observations on the impact and implementation of IFRS 9 by EU Institutions
EBA GL 2017 06-CT GLs on credit institutions credit risk management.pdf
Guidelines on prudential filters for regulatory capital
Consultation on RTS on methods of prudential consolidation
Guidelines on disclosure requirements on IFRS 9 transitional arrangements
EBA publishes final Guidelines on disclosure requirements of IFRS 9 transitional arrangements
The European Banking Authority (EBA) published today its final Guidelines on disclosure requirements of IFRS 9 or analogous expected credit losses (ECLs) transitional arrangements. The guidelines specify a uniform disclosure template institutions shall use when disclosing the information on own funds, capital and leverage ratios, with and without the application of transitional arrangements for IFRS 9 or ECLs. The aim of these Guidelines is to ensure consistency and comparability of the data disclosed by institutions during the transition to the full implementation of the new accounting standard and to foster market discipline.
Regulatory Technical Standards on methods of prudential consolidation
EBA launches consultation on technical standards specifying the methods of prudential consolidation
The European Banking Authority (EBA) launched today a consultation on draft Regulatory Technical Standards (RTS) specifying the different methods of prudential consolidation, which can be applied when certain conditions and criteria are met. The aim of these draft RTS is to ensure that the appropriate method of prudential consolidation is applied for the calculation of the Capital Requirements Regulation (CRR) requirements on a consolidated basis. The con-sultation runs until 09 February 2018.