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.