EBA Publishes Final Guidelines On Disclosure Requirements Of IFRS 9 Transitional Arrangements

Following the application of IFRS 9 as of 1 January 2018, institutions will be allowed to phase-in the impact on capital and leverage ratios of the impairment requirements resulting from the implementation of the new accounting standard. Institutions that decide to apply the IFRS 9 or analogous ECLs transitional arrangements are required to publicly disclose their own funds and capital and leverage ratios both with and without the application of these arrangements in order to enable users of this information to determine the impact of such arrangements.