EC proposes to adopt IAS 39 minus two sections
09 Sep 2004
The European Commission has posted to its Website a "working document" setting out its proposals regarding adoption of IAS 39 for use in Europe.
The proposals would carve out of IAS 39 two sections – the prohibition on hedge accounting for core deposits and the fair value option. The remainder of IAS 39 would be adopted. The Commission explains the carve-outs as follows:
Click to download:
|