ISDA’s members agree with the EFRAG’s assessment that the IASB’s amendments are an improvement to the current rules and are not contrary to the principles and criteria for endorsement set out in Regulation (EC) No 1606/2002.
ISDA
responded to the European Financial Reporting Advisory Group’s (EFRAG)
invitation to provide feedback on its Interest Rate Benchmark Reform
Assessment – Phase 2 (amendments to IFRS 9, IAS 39 and IFRS 7, IFRS 4
and IFRS 16).
The European Commission asked EFRAG to provide technical advice on
the costs and benefits that would arise from the implementation of the
International Accounting Standards Board’s interest rate benchmark
reform amendments in the European Union and European Economic Area.
ISDA’s members agree with the EFRAG’s assessment that the IASB’s
amendments are an improvement to the current rules and are not contrary
to the principles and criteria for endorsement set out in Regulation
(EC) No 1606/2002.
for ISDA Responds to EFRAG on Benchmark Reform
ISDA Response to
EFRAG on Benchmark Reform(pdf)
© ISDA - International Swaps and Derivatives Association
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article