Consultation response

24 June 2015

FEE calls for timely endorsement of IFRS 9 on Financial Instruments

The IASB decided to revise IAS 39, the accounting standard for financial instruments, in response to the global financial crisis of 2008. FEE believes that the outcome of this revision, IFRS 9, will significantly improve financial reporting for financial instruments. Thus, we encourage the EU to swiftly adopt IFRS 9 so the financial services industry can start to implement the requirements of the new standard.

FEE supports EFRAG in asking the European Commission to request the IASB to defer the effective date of application of IFRS 9 for insurance companies, until the IASB finalises its upcoming insurance contracts standard. Currently, the insurance contracts standard will become effective after IFRS 9 does, which may disrupt the financial reporting on insurance contracts and eventually disadvantage investors.


More information:

 FEE comment Letter to EFRAG on the Draft Endorsement Advice on IFRS 9

 IASB website on IFRS 9

Related content

Consultation responseEFRAG’s questionnaire on equity instruments – research on measurement

22 July 2019

UpdateTax Policy

19 July 2019

BlogWhat has the EU achieved so far on tax?

19 July 2019

Consultation responseIFRS Foundation’s Exposure Draft on proposed amendments to the Due Process Handbook and EFRAG’s Draft...

16 July 2019

UpdateAudit Policy

12 July 2019

UpdateTax Policy

5 July 2019

UpdateSustainable Finance

27 June 2019

UpdateTax Policy

21 June 2019


20 June 2019


17 June 2019

UpdateAudit Policy

11 June 2019

UpdateTax Policy

7 June 2019

InterviewThe new trend in town? Corporate tax transparency

27 May 2019

UpdateTax Policy

24 May 2019

UpdateTax Policy

13 May 2019

Update SME

6 May 2019

UpdateAudit Policy

3 May 2019

PublicationSimplifying withholding tax procedures

2 May 2019

UpdateTax Policy

26 April 2019

Blog7 ways accountants can help companies get more sustainable

24 April 2019

Sign up for our newsletter