The European Banking Authority (EBA) yesterday (July 13) published an estimate of the impact new accounting rules will have on banks’ capital positions and provisioning, finding different effects for small and large banks.
The headline finding is that when International Financial Reporting Standard 9 (IFRS 9) becomes binding in 2018, banks will see their core capital adequacy ratios fall by 45 basis points, on average, while provisioning for expected credit losses rise an average of 13%.
- Banknote and currency manager of the year: Norges Bank
- Lifetime achievement award: Perng Fai-nan
- Initiative of the year: Bank of England’s FinTech Accelerator
- Consultancy and advisory provider of the year (data and regulatory management): BearingPoint
- Banknote and currency services provider of the year: Landqart