EBA publishes its roadmap on IFRS 9 deliverables and launches IFRS 9 benchmarking exercise

The European Banking Authority (EBA) published today its IFRS 9 roadmap providing a comprehensive overview of planned monitoring activities on IFRS 9 implementation. The EBA also launched an IFRS 9 benchmarking exercise on a sample of institutions aimed at analysing the different modelling practices followed by institutions and how IFRS 9 implementation impacts the amount of expected credit losses in terms of own funds and regulatory ratios.

Metadata
Provider: 
EBAEBA
URL: 
https://eba.europa.eu/-/eba-publishes-its-roadmap-on-ifrs-9-deliverables-and-launches-ifrs-9-benchmarking-exercisehttps://eba.europa.eu/-/eba-publishes-its-roadmap-on-ifrs-9-deliverables-and-launches-ifrs-9-benchmarking-exercise
Retrieved on: 
Tuesday, July 23, 2019
Information
Tags: 
Financial regulation, Benchmarking, IFRS 9, Economy, International Financial Reporting Standards, Business, Articles
Summary
Key Points: 
  • EBA publishes its roadmap on IFRS 9 deliverables and launches IFRS 9 benchmarking exercise

    23 July 2019

    The European Banking Authority (EBA) published today its IFRS 9 roadmap providing a comprehensive overview of planned monitoring activities on IFRS 9 implementation.

  • The EBA already conducted several exercises on the IFRS 9 impact on EU institutions and communicated preliminary observations on the first stages of implementation[1].
  • The IFRS 9 benchmarking exercise represents an important step in the context of the on-going quantitative monitoring activities.
  • The EBA already organised interactions with professional associations and representative banks as well as with external auditors on the benchmarking exercise.
Copyright: 
2019 EBA. All Rights Reserved.