Summary
The European Parliament approves updates to international accounting standards to manage the transition from old interest rate benchmarks like IBOR. 9 15.12.2020
Other
finance
economy
business and competition
Key points
- The decision is based on established European regulations regarding the application of international accounting standards.
- The European Parliament approves amendments to several international accounting standards.
- The changes address the replacement of interest rate benchmarks like IBOR.
- The updates aim to prevent artificial volatility in company profit and loss reports.
Documents (PDFs)
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