Financial Instruments (replacement of IAS 39)

IASB meeting summaries and observer notes

Discussion paper and comment letters [Mar 2008]
Phase I - Classification and measurement
Phase II – Amortised cost and impairment of financial assets
Asset and liability offsetting
Limited modifications to IFRS 9
IFRS 9: Mandatory effective date and disclosures
Correspondence

IASB / FASB December 2009

This session was held jointly with the FASB.

The boards discussed the feedback received from recent outreach activities conducted by IASB staff, and outreach performed by FASB staff during development of the FASB Exposure Draft, Accounting for Hedging Activities. The boards also discussed the relationship between risk management and financial reporting and the interaction between the two in relation to the reporting of hedging activities. No technical decisions were made.

Location: London, UK

Date: 16/12/2009

Observer Notes

Agenda paper 19: Accounting for Hedging Activities - Summary of Constituent Feedback and Discussion of Risk Management, Financial Reporting and the Interaction Between the Two in Relation to the Reporting of Hedging Activities