Taxonomy — IBOR update
Date recorded:
No agenda paper was provided as this was an oral update.
In October 2019, the Board published a proposed update to the IFRS Taxonomy 2019 for Interest Rate Benchmark Reform, which amended IFRS 9, IAS 39 and IFRS 7.
The proposed Update includes IFRS Taxonomy elements to reflect the new disclosure requirements introduced by the amendments to IFRS 9, IAS 39 and IFRS 7.
The comment letter period ended in December 2019, and two comment letters have been received. None of them raised any significant concerns. The update will therefore be finalised without significant changes and will be circulated to Board members shortly. The staff expect to issue the final Update in March 2020.
