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The measures include moratoria on repayment of loans and have an impact on the calculation of expected credit losses in accordance with IFRS 9.
In view of the upcoming periodic information to be published by European issuers, the Statement provides guidance to issuers and auditors on the application of IFRS 9 Financial Instruments, specifically as regards the calculation of expected credit losses and related disclosure requirements.
The EBA has also issued a related Statement regarding the prudential framework and accounting implications of COVID-19. The two Statements are consistent as regards financial reporting.