(3)The IFRS 9 Benchmarking exercise is currently limited to low default portfolios, which does not provide the supervisors with a comprehensive view of the variability of the IFRS 9 Expected Credit Loss (ECL) models’ outcomes. To enable competent authorities to have a broader understanding of the sources of material inconsistencies in ECL outcomes, as stated in the EBA IFRS 9 Monitoring Report and following the staggered approach presented in the IFRS 9 roadmap, it is necessary to integrate additional portfolios and templates to gradually extend the IFRS 9 benchmarking exercise to the high default portfolios.