Summary
The proposal introduces transitional rules to mitigate the impact of new accounting standards (IFRS 9) on bank capital, preventing sudden drops in lending capacity. 10 27.12.2017
Other
economy
finance
monetary economics
Key points
In force from 01/01/2018 Out of force from 31/12/2022
- Introduction of transitional measures to cushion the impact of new accounting standards on bank capital.
- Protection of credit institutions' lending capacity by preventing sudden drops in capital ratios.
- A phased-in transition period lasting up to five years, ending in late 2022.
- Implementation of annual scaling factors that decrease the allowed capital offset each year.
Documents (PDFs)
REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 575/2013 as regards the leverage ratio, the net stable funding ratio, requirements for own funds and eligible liabilities, counterparty credit risk, market risk, exposures to central counterparties, exposures to collective investment undertakings, large exposures, reporting and disclosure requirements and amending Regulation (EU) No 648/2012
Transitional arrangements for mitigating the impact of the introduction of IFRS 9 ***I
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