Project Summary: Interest Rate Benchmark Reform—Phase 2

In 2014 the Financial Stability Board recommended the reform of specified major interest rate benchmarks such as interbank offered rates (IBORs). Since then.

Interest Rate Benchmark Reform

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

2021: A Defining Moment for The Interest Rates Reform - City Week

Sep 21 2020 arguably the core element of the interest rate reform in the euro area

Participating in International Benchmark Interest Rate Reform and

Interest Rate Reform and Improving. China's Benchmark Interest Rate System. The People's Bank of China. August 31 2020 

Chinas Interest Rate System and Market-based Interest Rate Reform

the core reforms in China's economic and financial sector. Since the reform and opening-up China has been steadily advancing interest rate liberalization 

Exposure Draft: Interest Rate Benchmark Reform—Proposed

May 1 2019 Interest Rate Benchmark Reform. Proposed amendments to IFRS 9 and. IAS 39. Comments to be received by 17 June 2019 ...

Interest Rate Benchmark Reform— Phase 2

Aug 16 2020 IFRS® Standards. August 2020. Amendments to IFRS 9

Interest Rate Benchmark Reform – Phase II

The International Accounting Standards Board (“IASB”) published Interest. Rate Benchmark Reform Amendments to IFRS 9 IAS 39 and IFRS 7.

Banks preparation with regard to interest rate benchmark reforms

Jul 3 2019 Banks' preparation with regard to interest rate benchmark reforms and the use of risk-free rates. Dear CEO

Reforming major interest rate benchmarks: Progress report on

The Financial Stability Board (FSB) is established to coordinate at the international level the work of national financial authorities and international 

Progress Report: The Transition from US Dollar LIBOR

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

Interest Rate Benchmark Reform Phase 2 - IFRS

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

Interest Rate Benchmark Reform Phase 2 - IFRS

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

What is the progress towards interest rate benchmark reform?

The progress towards interest rate benchmark reform (the reform) follows the general expectation that some major interest rate benchmarks will cease to be published by the end of 2021. How has the Board responded to the reform?

What accounting issues arise before an interest rate benchmark is replaced?

The accounting issues arising before an existing interest rate benchmark is replaced with an alternative risk free rate, i.e. pre-replacement issues, have been considered previously by the IASB and were addressed in Interest Rate Benchmark Reform (Amendments to IFRS 9, IAS 39 and IFRS 7), published in September 2019 (“Phase I amendments”).

What is reference rate reform?

reference rate reform. The amendments were made to address concerns raised by certain constituents about whether changing the rates used to discount, margin and determine the PAA for these instruments would result in (1) a modification of the derivative that would

What is the FASB's accounting relief re lated to reference rate reform?

A closer look at the FASB’s accounting relief re lated to reference rate reform 21 January 2021 • The interest rate reset dates applicable to the variable-rate leg of the interest rate swap