General Information & Client Service
  • Americas: +1.212.553.1653
  • Asia: +852.3551.3077
  • China: +86.10.6319.6580
  • EMEA: +44.20.7772.5454
  • Japan: +81.3.5408.4100
Media Relations
  • New York: +1.212.553.0376
  • London: +44.20.7772.5456
  • Hong Kong: +852.3758.1350
  • Tokyo: +813.5408.4110
  • Sydney: +61.2.9270.8141
  • Mexico City: +001.888.779.5833
  • Buenos Aires: +0800.666.3506
  • São Paulo: +0800.891.2518
September 20, 2018

IFRS published the IFRS Interpretations Committee (IFRIC) update of its meeting in September 2018. The update offers a summary of the decisions reached by the IFRIC in its public meetings. Decisions on an IFRIC interpretation become final only after the IFRIC has taken a formal vote on the interpretation. IFRIC interpretations require ratification by IASB.

The key topics discussed at the September meeting include the following:

  • Application of the highly probable requirement when a specific derivative is designated as a hedging instrument under the IFRS 9 on financial instruments and the IAS 39 on recognition and measurement of financial instruments
  • Classification of a particular type of dual currency bond under IFRS 9
  • The way an entity might apply existing IFRS standards in determining its accounting for holdings of cryptocurrencies and initial coin offerings.

Keywords: International, Accounting, Banking, IFRS 9, IAS 39, Financial Instruments, Cryptocurrencies, IFRIC, IFRS

Related Insights
News

OCC Consults on Amendments to the Stress Testing Rule

OCC issued a proposed rule on the company-run stress testing requirements for national banks and Federal savings associations.

December 18, 2018 WebPage Regulatory News
News

ESAs RTS to Extend Treatment of Covered Bonds to STS Securitization

ESAs published two joint draft regulatory technical standards (RTS) to amend the RTS on the clearing obligation and risk mitigation techniques for non-cleared OTC derivatives.

December 18, 2018 WebPage Regulatory News
News

APRA Authorizes New Restricted Authorized Deposit Taking Institution

APRA announced that it has authorized Xinja Bank Limited as a restricted authorized deposit-taking institution (Restricted ADI) under the Banking Act 1959.

December 18, 2018 WebPage Regulatory News
News

EBA Consults on Amendment to Rule on Benchmarking of Internal Models

EBA published a consultation to amend the Commission Implementing Regulation (2016/2070) on benchmarking of internal models to adjust the benchmarking portfolios and reporting requirements in view of the benchmarking exercise it will carry out in 2020.

December 18, 2018 WebPage Regulatory News
News

US Agencies Propose Derivative Counterparty Credit Exposure Framework

US Agencies (OCC, FED, and FDIC) proposed to implement a new approach for calculating the exposure amount of derivative contracts under the regulatory capital rule.

December 17, 2018 WebPage Regulatory News
News

HKMA Announces Intention to Consult on Updated BCBS Disclosure Rules

HKMA announced that it will consult the industry in due course on the relevant implementation proposal to give effect to the disclosure requirements of the December 2018 package by BCBS.

December 17, 2018 WebPage Regulatory News
News

EBA Finalizes Guidelines on Disclosure of Non-Performing Exposures

EBA published the final guidelines on disclosure of non-performing and forborne exposures.

December 17, 2018 WebPage Regulatory News
News

BDF Issues Validations and Supporting Documents on AnaCredit Reporting

BDF updates the validations (controls) and supporting documents for AnaCredit reporting, including the “Framework for Financial Institutions and Public Administrations."

December 17, 2018 WebPage Regulatory News
News

HKMA Issues and Revises Reporting Forms Under the IRRBB Framework

HKMA issued a revised version of the Supervisory Policy Manual (SPM) IR-1, with an updated title “Interest Rate Risk in the Banking Book” (IRRBB).

December 14, 2018 WebPage Regulatory News
News

EBA Single Rulebook Q&A: Second Update for December 2018

EBA published answers to six questions under the Single Rulebook question and answer (Q&A) updates for this week.

December 14, 2018 WebPage Regulatory News
RESULTS 1 - 10 OF 2351