IFRS 9 prompts EBA to delay 2018 stress tests
The European Banking Authority (EBA) has agreed on a final timeline for the 2018 EU-wide stress test, giving banks longer to report their results because of the expected challenges of dealing with the International Financial Reporting Standard (IFRS 9).
The stress tests are designed to inform the supervisory review and evaluation process (SREP), which in turn informs banks’ capital requirements. SREP results can lead to regulators asking firms to alter their business models, governance structures or management.
The EBA will launch its 2018 stress test
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