How the Global Financial Crisis Killed the LIBOR Benchmark
Given that the interbank market has already moved to OIS discounting, the next logical step will be for this trend to trickle down into the corporate sector as well.
View ArticleAccounting for Cross Currency Interest Rate Swaps – A New Approach to Avoid...
Since the financial crisis, many organisations have experienced significant P&L volatility on their cross currency interest rate swaps through movements in currency basis. Recently, a new technique...
View ArticleInterest rate risk, Sweden, and FAS 157 (ASC 820)
Common concerns among Scandanavian countries include challenges of non-performance (i.e. credit) risk in valuing derivatives.
View ArticlePreparing for IFRS 9
Companies should undertake a review of their current risk management and hedge accounting policies to highlight how the proposed changes will impact these policies given the new IFRS 9 requirement. The...
View ArticleIFRS 9 Hedge Accounting: Missed Deadlines Creates Uncertainty
The delay of IFRS 9 hedge accounting (phase III) is disappointing news for many; particularly the commodity and option hedgers who were hoping to take advantage of the more favourable provisions in the...
View ArticleWhy Some Airlines May be Heading for Restatement
Many airlines hedge their purchases of jet fuel through various means, but they should beware of using one method for assessment and another for measurement.
View ArticleOCI Releases: Restatement Risk from the Finer Points of Hedge Accounting
Reval Solution Consultant Shane Randolph says "...when regulators re-focus their attention on hedge accounting within the next two to three years, we will see the next round of restatements focus on...
View ArticleIFRS 9 Hedge Accounting Jeopardizes Convergence Dream
In September this year, the International Accounting Standards Board (IASB) finally issued the Review Draft for Hedge Accounting, phase three of the replacement project for IAS 39 (under the banner of...
View ArticleTHE IASB HEARS THE CONCERN OF THE 90 PERCENT ON IFRS 9 FATAL FLAWS
Reval recently asked corporations that apply IFRS across the globe their opinion on the latest IFRS 9 Review Draft. In particular, Reval wanted to know how they felt about the controversial treatment...
View ArticleIFRS 13 for Corporates: Stuck between the Bank and a Hard Place
Corporate treasurers have faced many a regulatory challenge before, and IFRS 13 is no exception. Deploying a compliant fair value methodology under this new standard has been causing many treasurers...
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