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EBA publishes IFRS 9 roadmap, launches IFRS 9 benchmarking exercise

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24 Jul 2019

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

In the roadmap, the EBA clarifies its intention to continue monitoring and promoting a consistent application of IFRS 9 as well as working on the interaction with prudential requirements. The roadmap includes the different phases of this work from qualitative and quantitative perspectives which will take place in the coming months and years.

The IFRS 9 benchmarking exercise represents an important step in the context of the on-going quantitative monitoring activities. The focus of this exercise is to assess whether the use of different modelling techniques and inputs can lead to significant inconsistencies in terms of expected credit losses amount that directly impacts own funds and regulatory ratios.

Please click for more information on the EBA website.

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