May 1 2021 In August 2020
Dec 1 2021 In August 2020
On 27 August 2020 the International Accounting Standards Board (IASB or the Board) published Interest Rate Benchmark Reform – Phase 2
Dec 1 2020 In August 2020
Oct 1 2020 In August 2020
Jan 1 2022 AASB standards. AASB 2020-8 Amendments to AASs – Interest. Rate Benchmark Reform – Phase 2. Effective for annual reporting periods beginning.
Dec 31 2020 Applies to all entities. AASB 2019-3 Amendments to Australian. Accounting Standards (AASs) – Interest Rate. Benchmark Reform [Phase 1].
Sep 30 2021 Amendments to PBE IPSAS 29
Jun 30 2021 Applies to all entities. AASB 2019-3 Amendments to Australian. Accounting Standards (AASs) – Interest Rate. Benchmark Reform [Phase 1].
Jul 1 2022 Interest Rate Benchmark Reform – Phase 2. Effective for annual reporting periods beginning on or after 1 January 2021.
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 benchmarks play an important role in global financial markets and index a variety of financial products worth trillions of dollars including mortgages and derivatives In 2014 the Financial Stability Board recommended the reform of specified major interest rate benchmarks such as interbank offered rates (IBORs)
Interest rate benchmark reform Why asset managers need to prepare for LIBOR replacement November 2018 EY Assurance Tax Transactions Advisory About EY EY is a global leader in assurance tax transaction and advisory services The insights and quality services we deliver help build trust and confidence in the capital markets and in