The IFRS9 Standard: Assessment of the Impacts on the European Banking Industry

Halep Maria ()
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Halep Maria: International Business and Administration, Doctoral School of the Academy of Economic Studies, Bucharest

Ovidius University Annals, Economic Sciences Series, 2015, vol. XV, issue 1, 930-935

Abstract: Since the 2008 World Financial Crisis, the banking industry went through an ongoing transformation process, accelerated by increasing supervision and regulation, especially in the EU. The latest innovation is the IASB IFRS9 Standard, which should by applied starting from 2018 (subject to European amendment, yet to come). The aim of this article is to assess the impacts of the IFRS9 Standard on the European banking industry. Section 1 draws the general landscape and explains the environment surrounding the IFRS9 Standard’s birth. Section 2 studies the main steps of the IFRS9 Standard, and its implications, both in terms of classification and measurement as well as in credit risk impairment. Section 3 focuses on implementation challenges posed by the Standard. Section 4 considers the costs and benefits of the norm implementation, both at the credit institution level and for the European banking industry as a whole. Section 5 concludes.

Keywords: regulation; supervision; IFRS9; measurement; credit risk (search for similar items in EconPapers)
JEL-codes: G01 G12 G18 G21 M41 (search for similar items in EconPapers)
Date: 2015
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