EBA publishes its roadmap on IFRS 9 and launches IFRS 9 benchmarking exercise

On July 23th, the European Banking Authority (EBA) published the IFRS 9 roadmap with the scope of providing a comprehensive overview of planned monitoring activities on IFRS 9 implementation. The EBA also launched an IFRS 9 benchmarking exercise on a sample of institutions aimed at analysing the different modelling practices followed by institutions and how IFRS 9 implementation impacts the amount of expected credit losses in terms of own funds and regulatory ratios.