Global Standards for the world economy

Thursday 27 October 2016

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IFRS 9: Financial Instruments

IASB meeting summaries and observer notes

 IASB 3 August 2010



At this meeting, the Board continued its redeliberations on phase II of the project to replace IAS 39 Financial Instruments: Recognition and Measurement. The Board discussed an overview of key elements of an impairment model taking into consideration input from comment letters and outreach activities.

At this meeting, the Board discussed:

  • the different types of credit loss that could be used, including different outlook periods regarding expected loss; and
  • the key features of an expected loss model regarding when to recognise credit losses, possible variations and the interaction between each of the key features based on a lifetime expected loss approach.

No decisions were made.

Date: 8/3/2010