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13 July 2017

EBA consults on guidelines on uniform disclosure of IFRS 9 transitional arrangements


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The Guidelines aim at increasing consistency and comparability of the information disclosed by institutions during the transition to the full implementation of the new accounting standard, and at ensuring market discipline.


On 31 May 2017, the European Commission adopted a proposal to amend the Capital Requirements Regulation (CRR) regarding the transitional period for mitigating the impact on own funds of the introduction of IFRS 9.

The Proposal leaves banks two options:

  • to phase-in the impact of the implementation of IFRS 9 and analogous expected credit losses (ECLs), or
  • to recognise the full impact of IFRS 9 and analogous ECLs on capital and leverage ratios from 1 January 2018 or before the end of the transitional period.

Where banks decide to phase-in the impact of the implementation of IFRS 9 and analogous ECLs, they will have to include in their Pillar 3 disclosures their capital and leverage ratios with and without the application of the transitional arrangements, so that users are able to determine the impact of the arrangements on those ratios. 

To ensure institutions' Pillar 3 disclosures regarding capital and leverage ratios are consistent across the EU during the transitional period, it is crucial that a uniform format on the disclosure of these parameters is used.

These draft Guidelines specify the uniform disclosure format institutions shall apply for this purpose also taking into account the developments at international level, namely the standards on Pillar 3 disclosure requirements, issued by the Basel Committee on Banking Supervision (BCBS) on March 29, 2017. 

The deadline for the submission of comments is 13 September 2017. A public hearing will take place at the EBA premises on 7 September 2017 from 11.00am to 13.30pm UK time.

Press release

Consultation paper



© EBA


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