CEBS proposes to amend its IFRS Guidelines
22 Apr 2007
The Committee of European Banking Supervisors (CEBS) has invited comments on proposed amendments to its Guidelines on Financial Reporting.
Those Guidelines are intended to be used by banking groups when preparing their financial reports based on IASs/IFRSs as required by the Supervisory Authorities within the European Union. The Guidelines were originally approved in December 2005 and revised in December 2006. One of the proposed amendments to the Guidelines on Financial Reporting incorporates the option recently added to IAS 19 Employee Benefits to allow entities the option of recognising actuarial gains and losses in full in the period in which they occur, outside profit or loss, in a statement of recognised income and expense. The current Guidelines do not provide for this option. The CEBS is also proposing a number of other changes. Responses are requested by 20 May 2007. Click for:
- CEBS Consultation Paper (PDF 126k).
- CEBS Revised IFRS Reporting Guidelines (PDF 381k).
- Link to Download Revised Guidelines and other related documents from the European Banking Authority (EBA) website (CEBS archive).