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Interest Rate Benchmark Reform – Phase II – International Accounting Standards Board

Date recorded:

At its meeting on January 30, 2020, the IASB met, discussed and made tentative decisions with respect to: (i) the relationship between the Board’s tentative decisions to date in Phase 2 of the project and the end of application requirements for the Phase 1 amendments to IFRS 9 and IAS 39; (ii) the potential effects of IBOR reform on IFRS Standards other than those related to financial instruments accounting (such as IFRS 4, IFRS 13, IFRS 16 and IFRS 17); and (iii) the potential disclosure requirements to accompany the Board’s tentative decisions for Phase 2 of the project. At future Board meetings, the Board will discuss the end of application of the amendments proposed in Phase 2 of the project; voluntary or mandatory application of the proposed amendments; the transition and effective date of the proposed amendments; and due process steps.

Review the IASB Update and podcast on the Board's Web site.

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