Learning to live with IFRS

For central banks, the significant consequences of adopting International Financial Reporting Standards FRS are two-fold. First, they are likely to experience increased volatility in reported income as revaluation gains and losses on both unhedged foreign exchange and financial instruments are recognised in the profit and loss statements as required under the standards IAS 21 for foreign exchange and IAS 39 for financial instruments. These issues require specific provisions in a central bank's

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.