Banks win a partial reprieve from IAS 39

At a meeting held on July 22--24, the board decided to proceed with its proposals for macro-hedging -- where a whole portfolio of different instruments is hedged.

"It is based on the notion that the designation [the derivatives instruments to be hedged] is an amount rather than specific items in a portfolio, and that ineffectiveness is based on a percentage of the items in a portfolio," Wayne Upton, research director at IASB in London, told FX Week. Rather than an entire section of the portfolio

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: