In March 2008 the IASB published the discussion paper Reducing Complexity in Reporting Financial Instruments that included proposals for simplifying hedge accounting requirements.
In December 2010 the IASB issued the Exposure Draft Hedge Accounting. The proposed model combined a management view that aimed to use information produced internally for risk management purposes and an accounting view that sought to address the risk management issue of timing the recognition of gains and losses. Further details on this can be found in the Exposure Draft (2010) stage below.
The IASB completed its redeliberations on the Exposure Draft Hedge Accounting in September 2011, after which point it undertook an extended fatal flaw review and outreach process.
A draft of the forthcoming general hedge accounting requirements was posted-as part of the extended fatal flaw process-on the IASB's website in September 2012.