IFRS 9 relief added €30bn to EU bank capital post-Covid
Banks in the European Union claimed almost €30 billion ($36.7 billion) of regulatory capital relief through changes to accounting framework IFRS 9 brought in at the start of the coronavirus crisis. Lenders from Greece, Bulgaria, Hungary and Cyprus were among the top beneficiaries.
Total capital held by the 135 banks from the EU, European Economic Area and UK covered by the European Banking Authority’s (EBA) latest transparency exercise amounted to €2.08 trillion as of end-June. Without
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