EBA urges European banks to step up IFRS 9 preparations

Banks not yet in testing phase face 32 basis point extra capital hit, report finds

Financial preparation
Prepared? The variety of implementations has left some observers 'gobsmacked'

The European Banking Authority (EBA) has used its second impact assessment on a new accounting standard to urge banks to step up their preparations ahead of implementation next year, or face a potential capital shock.

The EBA produced its first impact assessment on International Financial Reporting Standard 9 (IFRS 9) in November last year. That report found 19% of banks were planning parallel runs of IFRS 9 with the existing International Accounting Standard 39 (IAS 39) for a duration of one

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here