EBA欧洲银行-Guidelines-on-disclosure-requirements-on-IFRS-9-transitional_15页_2mb

报告摘要

EBA Guidelines on IFRS 9 Transitional Arrangements Disclosure

Introduction

The European Banking Authority (EBA) published guidelines on disclosure requirements for IFRS 9 transitional arrangements in a public hearing on 7 September 2017. These guidelines aim to ensure uniformity and transparency in the disclosure of capital and leverage ratios under IFRS 9 and analogous expected credit loss (ECL) models during the transitional period.

Core Content

The International Financial Reporting Standard (IFRS) 9 was issued by the IASB on 24 July 2014 and became applicable for institutions starting from the first financial year beginning on or after 1 January 2018. The implementation of IFRS 9 may lead to a significant increase in ECL provisions, which in turn could cause a sudden decrease in CET1 capital. To mitigate this impact, transitional arrangements were introduced, allowing institutions to adjust their capital and leverage ratios accordingly.

Main Points

IFRS 9 Implementation: IFRS 9 requires institutions to apply expected credit loss provisions, which may significantly affect their capital ratios.
Transitional Arrangements: These are designed to reduce the negative impact of IFRS 9 on CET1 capital during the transition period.
Disclosure Requirements: The EBA guidelines specify uniform disclosure formats to ensure consistency and comparability across institutions.
Scope of Application: The guidelines apply to institutions under Article 473a(1) of the CRR that are subject to Part Eight of the CRR, during the transitional period.
Date of Application: The guidelines are effective from 1 January 2018 until the end of the transitional period.
Disclosure Formats:
- Quantitative Template (Annex I): Required for institutions applying IFRS 9 or analogous ECL transitional arrangements.
- Narrative Commentary: Required for institutions not applying the transitional arrangements, to explain their choice and the current state of their capital and leverage ratios.
Template Content: The template includes CET1 capital, Tier 1 capital, Total capital, Risk-weighted assets (RWA), and leverage ratios, both under the transitional arrangements and as if they were not applied.
Frequency: The disclosures should be made at the same frequency as the standard reports on own funds, RWA, and leverage ratios.
Cost and Impact: The marginal cost and impact of implementing the guidelines are expected to be negligible, with the goal of improving symmetry of information between institutions and market participants, and fostering market discipline.

Key Information

Purpose of the Guidelines: To provide a uniform and transparent disclosure format for IFRS 9 transitional arrangements.
Transitional Period: The period during which institutions can apply transitional arrangements to mitigate the impact of IFRS 9 on their capital.
Disclosures Required:
- Quantitative Data: For institutions using transitional arrangements.
- Narrative Commentary: For institutions not using transitional arrangements, explaining their decision and the impact of IFRS 9 on their capital and leverage ratios.
Consultation Process: The guidelines were published on 13 July 2017 for a 2-month consultation, ending on 13 September 2017. The final version may be adjusted based on feedback.
Alignment with CRR: Once the final Regulation inserting new Article 473a in the CRR is published, the guidelines will be aligned accordingly.

Summary of the Template

The quantitative template (IFRS 9-FL) includes the following key items:

Item	Description
a	Available capital (amounts)
b	Common Equity Tier 1 (CET1) capital
c	CET1 capital as if IFRS 9 transitional arrangements were not applied
d	Tier 1 capital
e	Tier 1 capital as if IFRS 9 transitional arrangements were not applied
f	Total capital
g	Total capital as if IFRS 9 transitional arrangements were not applied
h	Total risk-weighted assets
i	Common Equity Tier 1 ratio (as a percentage of risk exposure amount)
j	Common Equity Tier 1 ratio as if IFRS 9 transitional arrangements were not applied
k	Tier 1 ratio (as a percentage of risk exposure amount)
l	Tier 1 ratio as if IFRS 9 transitional arrangements were not applied
m	Total capital ratio (as a percentage of risk exposure amount)
n	Total capital ratio as if IFRS 9 transitional arrangements were not applied
o	Leverage ratio total exposure measure
p	Leverage ratio
q	Leverage ratio as if IFRS 9 transitional arrangements were not applied

Next Steps and Consultation

The EBA is seeking feedback on the proposed guidelines, particularly on:
1. Whether adding RWA on a fully loaded IFRS 9 basis would improve clarity and consistency.
2. Whether the overall content and template are acceptable, or if alternatives are needed to achieve the guidelines' objectives.
The final guidelines will be adjusted based on the consultation period.
Any ongoing discussions or potential changes affecting the calculation of transitional arrangements do not impact the disclosure requirements.