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Treasurers 'extremely concerned' by IASB rules

The International Group of Treasury Associations (IGTA) says IAS 39 should not be adopted unless two changes related to currency and interest rate hedging are made to the International Accounting Standards Board’s (IASB) rule.

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

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