Global Standards for the world economy

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IFRS 9: Financial Instruments

IASB meeting summaries and observer notes

 IASB July 2010



In November 2009 the IASB published the exposure draft Financial Instruments: Amortised Cost and Impairment (the ED). The 8-month comment period ended on 30 June 2010. An Expert Advisory Panel (EAP) was set up during the comment period to consider operational issues arising from the Board's proposed approach.

At this meeting, the Board began redeliberations on this phase of the project to replace IAS 39 Financial Instruments: Recognition and Measurement and discussed feedback from comment letters and the EAP. The staff presented the main themes identified from the initial review of comment letters in a summary form. A more detailed analysis of particular issues that were identified will be presented at future Board meetings. The staff also presented a summary of feedback on the main issues discussed at the EAP.

No decisions were made by the Board at this session.

Date: 7/23/2010