IASB proposal prompts hedge-accounting concerns

04/29/2013 | Risk.net (subscription required)

The International Accounting Standards Board has issued an exposure draft that raises concerns about hedge-accounting privileges, particularly if the terms are retrospectively applied. Derivatives users who have amended trades to face a different counterparty could lose hedge-accounting privileges on those transactions. ISDA has filed a comment letter with the IASB regarding past novations.

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