To take stock and uncover the initial trends, we chose to conduct this study on the 30 first European banks publishing their accounts under IFRS. This deliberately brief study provides a rapid overview of the estimated impacts of IFRS 9 and the approach to reporting adopted by the banks.
Sample of European banks
Analysis of IFRS 9 impacts by phase
- Phase 1 of the standard introduced new requirements for the classification and measurement of financial instruments;
- Phase 2 of the standard introduced new impairment principles;
- Phase 3 of the standard introduced new rules for hedge accounting.