IASB favours banks, says Treasury Association Group
Although the IGTA welcomed the amendment made earlier this year to the macro hedging regulations in the upcoming IAS 39 accounting standards (FX Week, August 4), it did not solve corporates’ issues with hedging FX transactions, said Francois Masquelier, president of the eurozone branch of the IGTA in Luxembourg. "Banks are only a small minority of those affected by the standard, 95% of the 7,000 institutions affected by IAS 39 are corporations," he said. "Banks and insurance companies are just a
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