IAS 39 sparks hedging concerns
This means that the rules should be adapted to ensure that they do not cause companies to lose out. This is the view of Johann Kruger, IFRS consultant at Lloyds TSB Financial Markets in London, expressed in an internal report published by the bank. He said: “IAS 39 remains an imperfect measure, which in places could still force companies into sub-optimal or uneconomic decisions on derivatives use. Harmony is unlikely to follow without standard setters being willing to compromise on these points
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