ESMA believes that the quality and comparability of IFRS financial statements could be enhanced in these areas:
- structure and content of the income statement
- liquidity and funding risk, including asset encumbrance
- hedging and the use of derivatives
- credit risk, with a focus on credit quality, forbearance practices, non-performing loans and concentrations of risk
- and criteria used to assess the impairment of equity securities that are classified as available-for-sale.