As part of its deliberations on macro hedge accounting the IASB discussed the first three steps for the valuation of the risk position as introduced as part of the 11-step overview at the November meeting. Full fair value measurement (step 1) was discussed by comparison with limiting the valuation to fair value changes attributable to the hedged risk (step 2). In addition, the implications of a risk management focus on a net interest margin (step 3) were discussed.
The Board will continue its discussion at future meetings.
No decisions were made.