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January 12, 2018

EBA published the final guidelines on disclosure requirements of IFRS 9 or analogous expected credit losses (ECLs) transitional arrangements. The guidelines specify a uniform disclosure template that institutions shall use when disclosing the information on own funds and capital and leverage ratios, with and without the application of transitional arrangements for IFRS 9 or ECLs. These guidelines apply from March 20, 2018, until the end of the transitional period referred to in paragraph 6 of Article 473a of the Capital Requirements Regulation (CRR).

Following the application of IFRS 9 as of January 01, 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, capital, and leverage ratios, both with and without the application of these arrangements to enable users of this information to determine the impact of such arrangements. To ensure consistency of the disclosure of these parameters, it is crucial that a uniform format is used. The guidelines specify the uniform disclosure format that institutions shall use for this purpose. The guidelines also take into account the developments on disclosure at international level, namely the standards on Pillar 3 disclosure requirements, issued by BCBS on March 29, 2017, which foster comparability of capital metrics with non-EU international active banks.

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Effective Date: March 20, 2018

Keywords: Europe, EU, Banking, CRR, IFRS 9, Transitional Arrangements, ECL, EBA

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