Treasurers 'extremely concerned' by IASB rules

In a statement released this week, IGTA – which co-ordinates activities and promotes dialogue between national treasury associations - said it is “extremely concerned” that the IASB has not addressed two particularly important issues for corporate treasurers.

The first relates to treasury centre netting of foreign currency hedging. According to IGTA, IASB’s rule will lead to significant additional costs and “leave companies reporting under IAS, notably in Europe, at asignificant disadvantage