IASB amends IFRS 9, IAS 39 and IFRS 7 in response to the IBOR reform
Publication date: 26 Sep 2019
The IASB has amended some of its requirements for hedge accounting. The amendments are designed to support the provision of useful financial information by companies during the period of uncertainty arising from the phasing out of interest-rate benchmarks such as interbank offered rates (IBORs). The amendments impact IFRS 9, IAS 39 and IFRS 7.
The amendments come into effect from 1 January 2020 subject to EU endorsement. See our In brief for further details.
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