Regulatory reporting on profit and loss: institutions will have option to report under IAS 1 or IFRS 18
Why this matters
The document is a formal ECB notice to supervised banks about reporting templates, not a binding new rule in itself. It sets out a transitional option tied to specific dates (IFRS 18 effective 1 January 2027, amended ITS expected September 2027) and references planned amendments to the ECB FINREP Regulation. Because it carries dates and a reporting change, it receives medium urgency. Its scope is limited to supervisory reporting of profit and loss, and for less significant institutions it depends on national competent authority permission, so the significance score is 3.
AI-generated classification rationale, not a full analysis. Verify with the original ECB source before acting. Full disclaimer.
What the ECB said
No description available.
Published by ECB . Read the full notice at the source for the authoritative text.
Context
European Central Bank (ECB) — Central bank for the euro area. We track 140 updates from them.
EU-wide financial regulation through ESMA, EBA, and the ECB. Browse all European Union updates.
This update is classified under Reporting & Disclosure and Banking & Credit.