In 2014 the Financial Stability Board recommended the reform of specified major interest rate benchmarks such as interbank offered rates (IBORs). Since then.
1 The Reforming Major Interest Rate Benchmarks report is available at http://www.fsb.org/wp-content/uploads/r_140722.pdf. Page 3. Project Summary
Sep 21 2020 arguably the core element of the interest rate reform in the euro area
Interest Rate Reform and Improving. China's Benchmark Interest Rate System. The People's Bank of China. August 31 2020
the core reforms in China's economic and financial sector. Since the reform and opening-up China has been steadily advancing interest rate liberalization
May 1 2019 Interest Rate Benchmark Reform. Proposed amendments to IFRS 9 and. IAS 39. Comments to be received by 17 June 2019 ...
Aug 16 2020 IFRS® Standards. August 2020. Amendments to IFRS 9
The International Accounting Standards Board (“IASB”) published Interest. Rate Benchmark Reform Amendments to IFRS 9 IAS 39 and IFRS 7.
Jul 3 2019 Banks' preparation with regard to interest rate benchmark reforms and the use of risk-free rates. Dear CEO
The Financial Stability Board (FSB) is established to coordinate at the international level the work of national financial authorities and international
First the FSB recommended continued work to strengthen LIBOR and other major interest rate benchmarks and second it recommended developing alternative nearly risk-free reference rates In the U S the Financial Stability Oversight Council (FSOC) supportedthis approach
The International Accounting Standards Board (“IASB”) published Interest Rate Benchmark Reform Amendments to IFRS 9 IAS 39 and IFRS 7 representing the finalisation of Phase II of the project on 27 August 2020 to address issues that might affect financial reporting when an existing interest rate benchmark is replaced with an alternative benchmark
The Basis for Conclusions on the Interest Rate Benchmark Reform—Phase 2 which amends IFRS 9 IAS 39 IFRS 7 IFRS 4 and IFRS 16 analyses the considerations of the Board when developing these amendments including comprehensive analysis of the feedback on the proposals that preceded the amendments and how the Board responded to that feedback