This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our PRIVACY POLICY for more information on the cookies we use and how to delete or block them.
  • IASB publishes amendments to various IFRSs relating to IBOR reform (‘IBOR – phase 2’)

IASB publishes amendments to various IFRSs relating to IBOR reform (‘IBOR – phase 2’)

27 August 2020

On 27 August 2020, the IASB issued amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16: Interest Rate Benchmark Reform – Phase 2.

These amendments complement those made in 2019 (‘IBOR – phase 1’) and focus on the effects on entities when a company replaces the old interest rate benchmark with an alternative benchmark rate as a result of the reform.

The article discussing the amendments may be accessed here.