Global Standards for the world economy

Sunday 30 April 2017

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Financial Instruments replacement of IAS 39

IASB meeting summaries and observer notes

 IASB April 2010



Financial instruments: classification and measurement

At previous meetings, the IASB made the tentative decision to retain the existing classification and measurement requirements in IAS 39 Financial Instruments: Recognition and Measurement for financial liabilities. However, the Board also tentatively decided to propose changes to the fair value option (FVO) in order to address widespread concerns about recognising gains or losses arising from changes in liabilities' credit risk.

At this meeting, the Board discussed disclosures for liabilities designated under the FVO, and the logistics for the exposure draft on financial liabilities.


The Board tentatively decided to propose a disclosure showing how much of the accumulated Other Comprehensive Income balance attributable to changes in own credit risk was realised during the current reporting period.

Exposure logistics

The Board directed the staff to begin drafting the exposure draft containing the proposed changes to the FVO. The exposure draft will also ask for feedback on the Board's tentative decision that if an entity decides to adopt early any finalised requirements in the IAS 39 replacement project, the entity must also adopt early any preceding finalised guidance. The exposure draft will have a comment period of 60 days. The Board expects to publish the exposure draft in May 2010.


Financial instruments: hedge accounting

The IASB identified the major issues that it expects to consider, and how the issues fit into the context of the overall hedge accounting model being developed. No decisions were made.

Date: 4/22/2010