IFRS in Focus — IASB amends disclosures about transfers of financial assets

Published on: 17 Oct 2010

On 7 October 2010, the International Accounting Standards Board (IASB) issued Disclosures – Transfers of Financial Assets (Amendments to IFRS 7 Financial Instruments: Disclosures) that increase the disclosure requirements for transactions involving transfers of financial assets.

These amendments are intended to provide greater transparency around risk exposures of transactions where a financial asset is transferred but the transferor retains some level of continuing exposure (referred to as ‘continuing involvement’) in the asset.

The amendments also require disclosure where transfers of financial assets are not evenly distributed throughout the period (e.g., where transfers occur near the end of a reporting period). This is intended to create transparency around transactions that may be motivated by window dressing.


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