Disclosure of COVID-19 impact on expected credit losses of banks

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EY Global CRS
30 Jul 2021 PDF
Subject IFRS technical resources
Categories Financial instruments Presentation of financial statements

We look at the impact of COVID-19 on ECL disclosures of a sample of large UK and European banks’ year-end 2020 IFRS financial statements.

In this publication, we provide our observations on the impact of COVID-19 on the expected credit loss (ECL) disclosures published by a sample of large UK and European banks in their IFRS financial statements for the year ended 31 December 2020, and how we expect these to evolve going forward. Where relevant, we have also included extracts from published results' presentations when they set examples of disclosures which could be provided in the financial statements.

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