European Parliament’s IAS 39 clearing eligibility proposal criticised by accountants


A proposal by the European Parliament's Economic and Monetary Affairs Committee (Econ) to exempt derivatives trades from central clearing if they comply with hedge accounting rules under International Accounting Standard 39 (IAS 39) is fraught with pitfalls, say accountants.

"It is an absurd idea - they are firing from the hip here," says one accountant. "Yes, the parliament has endured a significant lobbying effort by corporate derivatives users to exempt them from central clearing, but to

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 or view our subscription options here:

You are currently unable to copy this content. Please contact 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 View our subscription options

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


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a 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 individual account here