IASB proposes targeted amendments to IAS 39 and IFRS 9 in response to IBOR reform

In response to reforms of interest rate benchmarks such as the interbank offer rates (IBORs), the IASB has published proposed amendments to IAS 39 and IFRS 9. These amendments are intended to provide relief for entities applying hedge accounting, who without the amendments, would have to discontinue hedge accounting for certain hedging relationships.

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