The International Accounting Standards Board (IASB) has published an exposure draft 'Interest Rate Benchmark Reform (Proposed amendments to IFRS 9 and IAS 39)' that constitutes a first reaction to the potential effects the IBOR reform could have on financial reporting. Comments are requested by 17 June 2019. iii See the Committee's response to the IASB Exposure Draft: Interest Rate Benchmark Reform. More information on the progress of the work of the accounting standard setters on benchmark rate reform is available on the IASB's phase 1 and phase 2 project website pages and the FASB's project update page.

The International Accounting Standards Board (IASB) has published an exposure draft 'Interest Rate Benchmark Reform (Proposed amendments to IFRS 9 and IAS 39)' that constitutes a first reaction to the potential effects the IBOR reform could have on financial reporting. Comments are requested by 17 June 2019. The International Accounting Standards Board’s (IASB) Exposure Draft, “Interest Rate Benchmark Reform (Proposed amendments to IFRS 9 and IAS 39)” was issued in May 2019. This Exposure Draft focuses on the issues affecting financial reporting in the period before the replacement of an existing interest rate benchmark with an alternative interest rate. More specifically, the proposed amendments to IFRS 9 and IAS 39 address concerns related to uncertainties arising from Interest Rate Benchmark Reform on the hedge accounting requirements in IFRS 9 and IAS 39. The IASB’s Exposure Draft includes a Basis for Conclusions that is not part of this Exposure Draft. Exposure Draft. Interest Rate Benchmark Reform (Amendments to Ind AS 109 and Ind AS 107) Following is the Exposure Draft of Interest Rate Benchmark Reform (Amendments to Ind AS 109 and Ind AS 107), issued by the Accounting Standards Board (the Board) of the Institute of Chartered Accountants of India, for comments.

24 Jun 2019 RESPONSE TO EXPOSURE DRAFT - INTEREST RATE BENCHMARK REFORM . (PROPOSED AMENDMENTS TO IFRS 9 AND IAS 39) (“ED").

More specifically, the proposed amendments to IFRS 9 and IAS 39 address concerns related to uncertainties arising from Interest Rate Benchmark Reform on the hedge accounting requirements in IFRS 9 and IAS 39. The IASB’s Exposure Draft includes a Basis for Conclusions that is not part of this Exposure Draft. Exposure Draft. Interest Rate Benchmark Reform (Amendments to Ind AS 109 and Ind AS 107) Following is the Exposure Draft of Interest Rate Benchmark Reform (Amendments to Ind AS 109 and Ind AS 107), issued by the Accounting Standards Board (the Board) of the Institute of Chartered Accountants of India, for comments. Interest Rate Benchmark Reform The IASB has proposed to amend IFRS 9 and IAS 39 to provide relief from specific hedge accounting requirements that could have resulted in the discontinuation of hedge accounting solely due to the uncertainty arising from interest rate benchmark reform. Specifically, the Exposure Draft proposes that an entity would apply those requirements assuming that the interest rate benchmark on which the hedged cash flows are based is not altered as a result of interest rate benchmark reform. (b) For the reasons set out in paragraphs BC16 – BC23, the Board proposes exceptions to the The International Accounting Standards Board (IASB) has published an exposure draft 'Interest Rate Benchmark Reform (Proposed amendments to IFRS 9 and IAS 39)' that constitutes a first reaction to the potential effects the IBOR reform could have on financial reporting. Comments are requested by 17 June 2019. iii See the Committee's response to the IASB Exposure Draft: Interest Rate Benchmark Reform. More information on the progress of the work of the accounting standard setters on benchmark rate reform is available on the IASB's phase 1 and phase 2 project website pages and the FASB's project update page. The International Accounting Standards Board’s (IASB) Exposure Draft, “Interest Rate Benchmark Reform (Proposed amendments to IFRS 9 and IAS 39)” was issued in May 2019.This Exposure Draft focuses on the issues affecting financial reporting in the period before the replacement of an existing interest rate benchmark with an alternative interest rate.

Interest rate benchmarks such as interbank offered rates (IBORs) play an an Exposure Draft, 'Interest Rate Benchmark Reform: Proposed amendments to IFRS.

The International Accounting Standards Board’s (IASB) Exposure Draft, “Interest Rate Benchmark Reform (Proposed amendments to IFRS 9 and IAS 39)” was issued in May 2019.This Exposure Draft focuses on the issues affecting financial reporting in the period before the replacement of an existing interest rate benchmark with an alternative interest rate.

interest rate benchmarks. In this Exposure Draft, interest rate benchmark reform refers to this market-wide replacement of an existing interest rate benchmark, such as IBOR, with an alternative interest rate based on the FSB’s recommendations (the reform).

14 Oct 2019 We introduced the background behind this Reform and discussed the IASB's original Exposure Draft (ED) Interest Rate Benchmark Reform:  15 Aug 2019 Under phase one of the interest rate benchmark reform, IASB, in May 2019, had published an Exposure Draft that proposes exceptions to  26 Sep 2019 The exposure draft, Replacement of Interbank Offered Rates, would: Clarify that the uncertainty associated with reference rate reform does not, by itself, The removal of LIBOR as an appropriate benchmark interest rate as  Rates? The Working Group welcomes the "IBOR Reform and the Effects on Financial Reporting" Standard Providing comments on the Exposure Draft once it is published. Assisting in any benchmark interest rates remain highly probable.

While interest rate benchmark reform is ongoing, uncertainty exists about when the current interest rate benchmarks will be replaced and with what interest rate.

This Exposure Draft focuses on the issues affecting financial reporting in the period before the replacement of an existing interest rate benchmark with an alternative interest rate. More specifically, the proposed amendments to IFRS 9 and IAS 39 address concerns related to uncertainties arising from Interest Rate Benchmark Reform on the hedge

The International Accounting Standards Board’s (IASB) Exposure Draft, “Interest Rate Benchmark Reform (Proposed amendments to IFRS 9 and IAS 39)” was issued in May 2019. This Exposure Draft focuses on the issues affecting financial reporting in the period before the replacement of an existing interest rate benchmark with an alternative interest rate. More specifically, the proposed amendments to IFRS 9 and IAS 39 address concerns related to uncertainties arising from Interest Rate Benchmark Reform on the hedge accounting requirements in IFRS 9 and IAS 39. The IASB’s Exposure Draft includes a Basis for Conclusions that is not part of this Exposure Draft.