Related Discussions

• IFRS 7 — Applicability of the amendments to IFRS 7 on offsetting financial assets and financial liabilities to condensed interim financial statements

• 13 Mar, 2013

• The IFRS Interpretations Committee discussed a request for guidance on the applicability of the amendments to IFRS 7 'Disclosure – Offsetting Financial Assets and Financial Liabilities' issued in December 2011 to condensed interim financial statements.

• Offsetting Update (IASB only)

• 20 Nov, 2012

• The staff updated the IASB on the amended scope to the related disclosure requirements the FASB has tentatively reached.

• Report of the IASB Chairman

• 12 Jan, 2012

• Hans Hoogervorst noted that he had provided a detailed written report with supporting appendices. He limited his remarks to highlighting some issues.

• Offsetting – Additional feedback: Effective dates

• 15 Nov, 2011

• The IASB considered the effective date for the forthcoming clarifying amendments to IAS 32 'Financial Instruments: Presentation' and the new disclosures requirements on offsetting financial instruments.

• Asset and liability offsetting

• 20 Sep, 2011

• The IASB considered areas of diversity in practice identified during the offsetting project including (1) the meaning of 'currently has a legally enforceable right of set-off' (2) the application of the simultaneous settlement criterion (3) the treatment of collateral and margin and (4) issues around unit of account. The Board also considered the effective date and transition of the amendments.

• Financial instruments – Asset and liability offsetting

• 28 Jul, 2011

• The IASB held a short discussion on the effective date and transition requirements regarding converged IASB-FASB offsetting disclosures.

• Financial instruments – Asset and liability offsetting

• 22 Jul, 2011

• The IASB considered whether to proceed with the proposals in the offsetting exposure draft or to simply retain existing IAS 32 guidance and implement new disclosures based on the exposure draft and deliberations with the FASB.

• Asset and liability offsetting

• 21 Jul, 2011

• The IASB and FASB discussed the scope and presentation of the proposed disclosure requirements that would allow users to more easily compare credit exposure among US GAAP and IFRS preparers, in light of the Board's inability to agree on the overall approach for offsetting of financial assets and financial liabilities.

• Financial instruments – Asset and liability offsetting

• 14 Jun, 2011

• The IASB and FASB discussed the overriding model for offsetting based on feedback received from the proposals in the exposure draft. The Boards considered three possible alternatives for the offsetting model.

• IASB-EFRAG meeting

• 14 Jun, 2011

• Multiple Board members of the IASB, its staff and the incoming vice-chairman of the IASB met with members of the European Financial Reporting Advisory Group (EFRAG) to discuss (1) the state of the major projects (2) new standards on consolidation, joint arrangements and disclosures (3) the timeline for completion of major projects.

• Asset and liability offsetting

• 01 Jun, 2011

• The IASB and FASB hosted an educational session where members of the International Swaps and Derivatives Association (ISDA), followed by a joint meeting where the Boards discussed the unit of account for offsetting and collateral arrangements.

• Asset and liability offsetting

• 17 May, 2011

• The IASB and FASB considered a summary of feedback received from the offsetting exposure draft as well as during outreach activities, and considered the way forward for the project.

• IASB Chairman's report

• 31 Mar, 2011

• Sir David Tweedie reported on the IASB's standard-setting activities.

• Asset and liability offsetting – Disclosure requirements

• 16 Dec, 2010

• The IASB and FASB continued their discussions on disclosure requirements, specifically the IASB proposal that an entity should provide information about offsetting and related arrangements (such as collateral agreements) and the effect of those arrangements on an entity's exposure to financial contracts in tabular format.

• Asset and liability offsetting

• 14 Dec, 2010

• The IASB and FASB considered (1) whether to require offsetting for both bilateral and multilateral arrangements when the criteria are met (2) disclosure requirements (3) transition requirements (4) comment period for the exposure draft.

• Asset and liability offsetting

• 17 Nov, 2010

• The IASB and FASB continued discussions on the appropriateness of offsetting of financial assets and financial liabilities.

• Asset and liability offsetting

• 21 Oct, 2010

• The IASB and FASB considered the conditions necessary for offsetting financial assets and liabilities, discussing six potential conditions that could be considered as conditions for offsetting and their interaction.

• Asset and liability offsetting

• 15 Sep, 2010

• The staff presented to both the IASB and FASB the results of outreach activities performed in July and August 2010 related to offsetting of financial assets and liabilities, which included meetings with analysts from asset management firms, investment banks, and rating agencies as well as an online user survey.

• Asset and Liability Offsetting

• 16 Jun, 2010

• The Board held an initial discussion of balance sheet offsetting.