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IASB Meeting — 28 August 2019

Start date:

End date:

Location: London

IASB (International Accounting Standards Board)

Overview

The IASB met on Wednesday 28 August to finalise its amendments to IFRS 9 and IAS 39 to address the financial reporting consequences of the IBOR reform.

The Board decided that the amendments will: include an exception to the requirement in IAS 39 for retrospective assessment when a hedge is temporarily outside the 80–125% range solely due to uncertainties arising from the reform;  provide relief from the separately identifiable requirement for ‘macro hedges’; clarify when the relief ceases to apply to a group of items designated as the hedged item; clarify that the amendments would apply to hedges of both interest rate and foreign currency risks; and simplify the disclosure requirements.

The staff will prepare the final amendments for publication.

Agenda for the meeting

Wednesday 28 August 2019 (9:30-11:00)

Agenda papers for this meeting are available on the IASB website.

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