The European Banking Authority (EBA) has announced that in the context of the forthcoming implementation of the International Reporting Standard (Financial Instruments) (IFRS 9) in the EU, it is launching an impact assessment of the standard on a sample of approximately 50 institutions across the EU.

The exercise is intended to help the EBA understand the estimated impact of IFRS 9 on regulatory own funds. In addition, it will support the EBA in assessing the interaction between IFRS 9 and other prudential requirements and the way institutions are preparing for the application of IFRS 9.

View EBA launches an impact assessment of IFRS 9 on banks in the EU, 27 January 2016