Hedge Accounting for Banks under IFRS
Next online workshop: 1-2 April 2021
Price: 480 Euro net
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Hedge accounting is a useful accounting tool that enables the presentation of derivatives concluded for the purpose of risk management at fair value without affecting the financial result of the entity. For banks, hedge accounting can be exceptionally useful, because it allows for stabilisation of results, in particular a bank’s net interest margin.
The introduction of IFRS 9 after 2018 introduced a dichotomy in requirements relating to hedge accounting. Currently entities can choose between applying hedge accounting in accordance with the new IFRS 9 and the previously effective IAS 39.
Our two-day intensive and interactive workshop is dedicated to aspects of the application of hedge accounting in banking in accordance with both the new requirements introduced by IFRS 9 Financial Instruments and the ones set out by IAS 39, and highlighting the pros and cons of adhering to any of the two.
Under both standards, the use of hedge accounting is a privilege, available only on condition of meeting certain economic and other criteria. These criteria can be difficult barriers to overcome by many entities wishing to benefit from hedge accounting.
The goal of the workshop is to equip participants with up to date and practical knowledge and skills to enable them to achieve hedge accounting for economic hedging relationships typically encountered in commercial banks.