The European Parliament’s Committee on Economic and Monetary Affairs (ECON) has published its report on the draft Regulation that amends the Capital Requirements Regulation relating to the introduction of International Financial Reporting Standard 9 (IFRS 9).
In a resolution of 6 October 2016, the European Parliament called for a progressive phase-in regime that would mitigate the impact of the new impairment model of IFRS 9.
The ECON report contains a European Parliament legislative resolution on the draft Regulation, the text of which sets out proposed amendments that reflect the splitting out of the transitional provisions into a separate Regulation.
View European Parliament report on the proposal for a Regulation of the European Parliament and of the Council amending Regulation (EU) No. 575/2013 as regards the leverage ratio, the net stable funding ratio, requirements for own funds and eligible liabilities, counterparty credit risk, market risk, exposures to central counterparties, exposures to collective investment undertakings, large exposures, reporting and disclosure requirements and amending Regulation (EU) No. 648/2012, 1 August 2017