The ESBG sent a letter to the International Accounting Standards Board (IASB) Chair, Andreas Barckow. The letter stressed the urgency of for the IASB to deliver the solution for the Solely Payments of Principal and Interest (SPPI) assessment of loans with ESG-linked features on a timely manner
In
the letter, the ESBG expresses concerns that the IASB’s deliberations
on the first two topics (CLIs and electronic cash transfers) have not
progressed as much as the ESG topic. The exposure draft is now planned
to be issued in H1 2023. In our view, these topics have more potential
to cause diverging feedback and thus delay the final amendments further.
Moreover, comparably to the ESG topic, the equity instruments and
other comprehensive income topic has been deliberated to its final stage
by the IASB. The ESBG considers the proposed two minor amendments of
disclosure requirements to be helpful.
By way of consequence, the ESBG members would appreciate if the IASB
addressed the ESG topic separately and proceeded to issuing the exposure
draft as originally planned in Q1 2023. Considering the advanced stage
and the content of the decisions made by the IASB for the topic of
equity instruments and other comprehensive income, we suggest that it
would also be included in the exposure draft.
ESBG
© ESBG
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