Dec 21, 2016
From the Financial Reporting View
The December 2016, Issue 35 of KPMG ISG’s IFRS Newsletter: Financial Instruments summarizes the December IASB meeting at which the Board continued to discuss its project about financial instruments with characteristics of equity. Specifically, the Board discussed applying the Gamma approach to derivatives on own equity, and focused on certain practical issues that arise when applying the fixed-for-fixed condition under IAS 32, Financial Instruments: Presentation. The Board also decided to add to its agenda a narrow-scope project about the classification under IFRS 9, Financial Instruments, of financial assets with symmetric make-whole prepayment options. The Board did not discuss the macro hedge project during the meeting.