This exercise, which is not linked to the adoption process of the standard taking place at the legislative level, will 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.
The EBA acknowledges that institutions are in the process of developing the necessary processes, models and capabilities for the implementation of IFRS 9 and that the quality of the information provided in this exercise is to be improved in the future. In this context, the exercise will be repeated over time, especially when closer to the implementation date of the IFRS 9.
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