iResearch services supported a study to find out more about how banks are responding to the challenge of implementing expected credit loss.
We surveyed 91 banks, to understand of how the industry is responding to this significant accounting and regulatory changes as deadlines loom and expectations rise.
Of which have gross lending over € 100bn
Continents – Africa & ME, America, Europe and Asia Pacific
60% of banks either did not or could not quantify the transition impact of IFRS 9
70% of respondents anticipate a reduction of up to 50 bps in core tier 1 capital ratio due to IFRS 9
Over 40% of banks do not plan to disclose quantitative information