Annexes to COM(2015)685 - Effect of the revised International Accounting Standard (IAS) 19 on the volatility of own funds of credit institutions and investment firms

Please note

This page contains a limited version of this dossier in the EU Monitor.

dossier COM(2015)685 - Effect of the revised International Accounting Standard (IAS) 19 on the volatility of own funds of credit institutions and ...
document COM(2015)685 EN
date January  6, 2016
Annex, IAS 19 Employee Benefits, paragraph 95

(4)

CEBS Comment Letter on IASB ED/2010/3 Defined Benefit Plans – Proposed Amendments to IAS 19 on 6 September 2010.

(5)

EBA has based its analysis on a sample composed of the 57 European institutions in 20 EEA countries used by the EBA for the KRI (Key Risk Indicators) analysis.

(6)

See EBA report p. 25: "All institutions except three (38 institutions) had low levels of net defined benefit pension assets under the previous IAS 19, if any, in each of the years of the period assessed (up to 0.2% of RWA) and low levels, if any, of unrecognised actuarial gains in each of the years assessed (up to 0.4% of RWA)."

(7)

According to the EBA report, none of the three institutions in the sample reviewed with relatively high defined benefit assets under the previous IAS 19 would be affected as they had significant unrecognised actuarial losses that would need to be immediately recognised against defined benefit assets.

(8)

For an encompassing presentation of the quantitative evidence, readers are referred to the EBA report and especially the tables summarising the quantitative information on page 23 and page 31.