DYNAMIC RISK MANAGEMENT DELAYED AGAIN, CONCESSION FOR INSURERS OVER IFRS 9

摘要

In July, the International Accounting Standards Board (IASB) decided to keep accounting for dynamic risk management within the boundaries of a research project. After assessing the comment letters, the board decided that it did not yet have enough information to start drafting an exposure draft for review. The impact is that the so-called phase 3 of hedge accounting and its application could potentially be set back. This is because it will depend on this project to lift the current choice between remaining in IAS 39, Financial Instruments: Recognition and Measurement, for hedging or adopting the general hedge accounting rules under IFRS 9, Financial Instruments.