Accounting - IASB rejects liquidity premium measure

News

The International Accounting Standards Board (IASB) has rejected enacting the US Financial Accounting Standards Board (FASB) proposals on 'Other Than Temporary Impairments' (OTTI) in the course of setting out its plans for a comprehensive review of its own impairment guidelines, IAS 39.

The FASB set out in staff position FSP 124-2 measures to enable bodies submitting accounts under US law to split reductions in certain loan asset values - including corporate bonds held against long-term liabilit

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