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

Author

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  • Halep Maria

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

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.

Suggested Citation

  • Halep Maria, 2015. "The IFRS9 Standard: Assessment of the Impacts on the European Banking Industry," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 930-935, May.
    • Handle: RePEc:ovi:oviste:v:xv:y:2015:i:1:p:930-935
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    More about this item

    Keywords

    regulation; supervision; IFRS9; measurement; credit risk;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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