FEE comments on the IASB Exposure Draft Financial Instruments: Amortised Cost and Impairment
09 July 2010
Conceptually, FEE broadly agrees with the proposals to include a provision for the expected losses which are inherent in portfolios. However significant concerns are expressed concerning the operability of the proposals and also concerning the integral approach to credit losses and interest income.
This exposure draft is the second part in the full revision of IAS 39. FEE supports the IASB’s development of an alternative model to the incurred loss impairment model. Conceptually, FEE broadly agrees with the proposals to include a provision for the expected losses which are inherent in portfolios. However significant concerns are expressed concerning the operability of the proposals and also concerning the integral approach to credit losses and interest income.
© FEE
