Arrangements for mitigating the impact of IFRS 9

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Series Details November 2017
Publication Date November 2017
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Background

The Council of the European Union's Committee of Permanent Representatives had endorsed on 15 November 2017 the information agreement reached with the European Parliament on two proposals which are part of a legislative package on the banking reform.The legislative proposal regarding transitional arrangements for mitigating the impact of international financial reporting standard (IFRS) 9 on financial institutions' regulatory capital was scheduled to be voted in the November II plenary session. These arrangements should enter into force before the start of the mandatory application of IFRS 9, on 1 January 2018. Therefore, the European Parliament and the Council had agreed to adopt them using a rapid procedure.

Author: Carla Stamegna
Source Link Link to Main Source http://www.europarl.europa.eu/RegData/etudes/ATAG/2017/614587/EPRS_ATA(2017)614587_EN.pdf
Related Links
Council of the European Union: General Secretariat: Press Release, 16.06.17: Banking: Council agreement on creditor hierarchy, IFRS 9 and large exposures http://www.europeansources.info/record/banking-council-agreement-on-creditor-hierarchy-ifrs-9-and-large-exposures/
EP: EPRS: At a Glance: Collection of Publications, September 2016 http://www.europeansources.info/record/information-on-ifrs-international-accounting-standards/
ESO: Find further information on IFRS http://www.europeansources.info/advSearchLink?keyword=IFRS%20accounting%20&searchOption=all
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