EFRAG Issues Endorsement Advice on Interest Rate Benchmark Reform

EFRAG has issued its endorsement advice on the IASB’s amendments to IFRS 9, IAS 39 and IFRS 7 relating to interest rate benchmark reform. EFRAG has recommended that the amendments be endorsed.

EFRAG accelerated the development of its endorsement advice in order to complete its part of the endorsement process as speedily as possible, since the amendments are time sensitive.

The endorsement advice letter can be found here.