Quantified impacts of IFRS 9: initial findings

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

leading STOXX Europe 600 banks preparing their consolidated accounts under IFRS

Key indicators

of the banks in the sample reported the impact of   IFRS 9 on their CET1 ratio, either quantitatively, or by indicating that the expected impact was not significant

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.

of the banks in our sample reported on the impacts of IFRS 9 by phase

Discover our full analysis below