Phase III - Hedge accounting
Macro hedge accounting
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Project milestones
About the project
This is part of the third phase of the project to replace IAS 39 Financial Instruments: Recognition and Measurement. The objective of this phase is to improve the usefulness of financial statements for users by fundamentally reconsidering the current hedge accounting requirements.
The objective is to address risk management strategies referring to open portfolios (macro hedging) which were not covered by the exposure draft issued in December 2010 for general hedge accounting. The deliberation considers the feedback received on the general hedge accounting model.
An exposure draft is expected to be issued in the second half of 2012.
Outreach activities
To support the discussion of risk management for macro hedge accounting the staff and board members are discussing risk management related to open portfolios (macro hedging) with preparers, auditors and industry organisations from various regions.
As a first step the activities are focussed on the management of interest rate risk to develop general principles for a macro hedge accounting approach. After that the discussions will be extended for other risks. |
Project news
May 2011 On Tuesday 24 May 2011 there were two webcasts by the IASB staff at 10am and 4pm (London time) to provide updates on the statuses of both the impairment and the hedge accounting projects. Click here to listen.
Click here to see all previous news on this project. |
Last IASB meeting update
1 March 2012
As part of the deliberations on macro hedge accounting the Board discussed an overview of accounting alternatives, reflecting its discussions to date.
Read the full meeting update and previous updates and observer notes for this project
Click here to listen to the IASB meeting audio playback
Next discussion by the IASB
The Board will next discuss macro hedge accounting at the March 2012 Board meeting.
Page last updated: 14 March 2012