16th March 2017

BBA response to the PRA consultation on IFRS 9: Changes to reporting requirements (PRA CP 46/16)

We welcome the proposed reduced reporting requirement for firms with balance sheets below <£5bn. However, we note a number of points where the proposal should be further enhanced including (a) postponing the implementation of the reporting, (b) scope of individual (solo) basis in addition to consolidated reporting, (c) increase in overall volume of data required which should be revisited and (d) need to confirm definitions for certain reporting tables.

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