On 27 January 2016, we blogged that the European Banking Authority (EBA) had launched an impact assessment of International Financial Reporting Standard 9 (Financial Instruments) (IFRS 9).The EBA has now launched a second impact assessment of IFRS 9. The EBA expects that institutions will now be able to provide more detailed and accurate insights into their implementation of IFRS 9 as the information provided by respondents in the first exercise reflected the early stage of implementation. Approximately 50 institutions across the EU are participating in this latest assessment.
View EBA launches second impact assessment of IFRS 9 on EU banks, 24 November 2016