On 28 February 2011, EFRAG and the IASB held a discussion forum on financial instruments in Brussels. This event provided an opportunity for European constituents to obtain information about, and share their views on, the hedge accounting, impairment and offsetting proposals that are part of the IASB’s IAS 39 replacement project.

The participants were keen to understand the IASB’s proposals and engaged in an active debate with the IASB team about the impact of these proposals. While supportive of many of the proposals, participants provided suggestions to the IASB on how they might be further improved. 

This report provides an overview of the feedback received during the discussion forum and outlines questions raised by constituents and the answers provided by the IASB team. This feedback report was prepared by EFRAG staff for the convenience of European constituents. EFRAG hopes that this input will help to shape the IASB’s proposals to reflect European views.

Press release