{"id":1070,"date":"2019-06-18T17:08:08","date_gmt":"2019-06-18T09:08:08","guid":{"rendered":"http:\/\/ehluar.com\/main\/?p=1070"},"modified":"2020-01-12T17:14:47","modified_gmt":"2020-01-12T09:14:47","slug":"ascs-comments-on-ed-2019-1-interest-rate-benchmark-reform-proposed-amendments-to-ifrs-9-and-ias-39","status":"publish","type":"post","link":"http:\/\/ehluar.com\/main\/2019\/06\/18\/ascs-comments-on-ed-2019-1-interest-rate-benchmark-reform-proposed-amendments-to-ifrs-9-and-ias-39\/","title":{"rendered":"ASC&#8217;s comments on ED\/2019\/1 Interest Rate Benchmark Reform (Proposed amendments to IFRS 9 and IAS 39)"},"content":{"rendered":"\n<p>On or about 18 June 2019, the Singapore Accounting Standards Council (ASC) has submitted its comment to the International Accounting Standards Board (IASB) on ED2019\/1 Interest Rate Benchmark Reform (Proposed amendments to IFRS 9 and IAS 39).<\/p>\n\n\n\n<p>The ASC has raised concerns to IASB to consider the following implications that could arise from the proposed amendments made: <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Scope of proposed amendments: Other risks affected by the uncertainties of reform<\/li><li>Separate identification: Wider implications for hedging relationships that are outside the scope of proposed amendments<\/li><li>Prospective  assessments: Premature discontinuation of hedge accounting because of  the proposed end to an application of the proposed amendment for  prospective assessments<\/li><li>Retrospective application: Reinstatement of discontinued hedging relationships, and<\/li><li>Replacement issues: Need for timely solutions.<\/li><\/ul>\n\n\n\n<p>For more details on the comments, please visit the ASC website.<\/p>\n\n\n\n<p>Source: ASC, 18 June 2019<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On or about 18 June 2019, the Singapore Accounting Standards Council (ASC) has submitted its comment to the International Accounting Standards Board (IASB) on ED2019\/1 Interest Rate Benchmark Reform (Proposed amendments to IFRS 9 and IAS 39). The ASC has raised concerns to IASB to consider the following implications that could arise from the proposed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7,6],"tags":[],"class_list":["post-1070","post","type-post","status-publish","format-standard","hentry","category-accounting","category-techupdates"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/comments?post=1070"}],"version-history":[{"count":1,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1070\/revisions"}],"predecessor-version":[{"id":1071,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1070\/revisions\/1071"}],"wp:attachment":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/media?parent=1070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/categories?post=1070"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/tags?post=1070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}