DNB modified FINREP IFRS templates as well as the FINREP GAAP templates to ensure consistency in reporting. The most important IFRS 9 changes are the changes in accounting classification and valuation and the introduction of the expected loss model for impairments. The IFRS 9 amendments mainly take place in the Financial Information Reporting (FINREP Reporting) and will enter into force on January 01, 2018. The first reference date for the revised reports is March 31, 2018. The changes resulting from IFRS 9 apply to all FINREP reporting obligations, that is, both for the consolidated, sub-consolidated, and solo FINREP.
The FINREP IFRS templates as well as the FINREP GAAP templates have been modified to ensure consistency in reporting. The changes have been implemented through an update of the Commission Implementing Regulation (EU) No. 680/2014 (for the consolidated FINREP) and the ECB Regulation (EU) 2015/534 on reporting Supervisory Financial Information (for the sub-consolidated and solo FINREP). The changes in the FINREP GAAP templates that enter into force in the first quarter of 2018 also apply to the NL GAAP banks. As is the case, the EBA GAAP templates are based on the Banking Accounting Directive (BAD) for NL GAAP banks. Therefore, DNB has decided to follow the changes in the simplified supervisory financial reporting with the new and/or modified BAD templates. NL GAAP banks should therefore also report template 9.1, template 11.2, template 12.0, template 16.3, and template 16.4 based on (Annex I, paragraph 2a) the amended Regulation (EU) 2015/534. Should there be any changes in the EBA GAAP templates to be reported in the future, NL GAAP banks will be informed accordingly.
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