EFRAG publishes its feedback statement on its comment letter to the IASB's exposure draft on Interest Rate Benchmark Reform - Phase 2

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image

20 Nov, 2020

The European Financial Reporting Advisory Group (EFRAG) has finalised the steps in its due process and published its feedback statement on the draft comment letter to the International Accounting Standard Board's (IASB's) ED/2020/1 'Interest Rate Benchmark Reform - Phase 2: Proposed Amendments to IFRS 9, IAS 39, IFRS 4 and IFRS 16'.

EFRAG issued its final endorsement advice on 26 October after an accelerated process and has now completed its full due process by issuing and publishing a feedback statement on its comment letter. EFRAG's draft comment letter to the IASB was published on 23 April 2020 and final comment letter was published on 26 May 2020.

The feedback statement summarises the comments received by EFRAG on its draft comment letter and explains how those comments were considered by EFRAG during its technical discussions leading to the publication of EFRAG's final comment letter.

A press release and the feedback statement are available on the EFRAG website.

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