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Home > Financial Stability > Update on 2017 data collections including IFRS9
 

Update on 2017 data collections including IFRS9

​2017 stress test timetable for data templates and submissions

The Bank has begun engagement on the data templates for the 2017 stress test through the development of the core dataset. The core templates were published on the Bank’s website in September 2016.

The Bank intends to issue all supplementary templates for the 2017 Concurrent Stress Test by end-January, and will aim to share these with firms sooner where possible. As in 2016, there are likely to be some scenario-specific data requests issued in March 2017. In 2017 we expect these mainly to relate to the exploratory scenario. The exploratory scenario will use the same templates as the annual cyclical scenario wherever possible.

The submission of firms' actual data will be Friday 31 March. Recognising the need for firms to deliver two sets of stress test projections, the delivery date for submission of exploratory scenario projections will be Friday 14 July, two weeks later than the 30 June submission date for the cyclical scenario projections.

IFRS9

The Bank will complete the 2017 stress test on an IAS39 basis, the same as 2016, and the biennial exploratory scenario will also be completed on an IAS39 basis. 

In addition, the Bank will ask participating firms to run a separate IFRS9 exercise in 2017 using only the baseline and the annual cyclical scenario. The purpose of the exercise will be to assist firms and the Bank in preparing for the inclusion of IFRS9 in the 2018 stress test.  Given feedback from firms, the Bank is developing a proportionate approach for this exercise and further details will be published in due course.
 
The Bank plans to disclose only aggregate level data relating to IFRS9. The Bank does not intend to publish impacts on firms' individual capital positions. The deadline for submission of these data will be 1 September 2017.
 
The information above was communicated to the seven firms included in the annual concurrent stress test on 14 November 2016.
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