A Closer Look — Financial instrument disclosures when applying Interest Rate Benchmark Reform – Phase 1 amendments to IFRS 9 and IAS 39 and Phase 2 amendments to IFRS 9, IAS 39, IFRS 4 and IFRS 16

Published on: 02 Dec, 2020

The Interest Rate Benchmark Reform amendments to IFRS 9 Financial Instruments and IAS 39 Financial Instruments: Recognition and Measurement were issued in two phases and both introduced new disclosures to IFRS 7 Financial Instruments: Disclosures. Phase 2 of the Interest Rate Benchmark Reform amendments also introduced changes to IFRS 4 Insurance Contracts and IFRS 16 Leases, which are also accompanied by additional disclosure requirements in IFRS 7.

This publication looks at the financial instrument disclosures introduced by Phase 1 and Phase 2 of the project.


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