Impact on accounting for financial instrument due to Interest Rate Benchmark Reform (IRBR)
January 10, 20220
Overview By the end of the year 2021, some major interbank offer rates such as LIBOR, EURIBOR, TIBOR will cease to be published and will be replaced by new interest rate benchmarks. This poses challenges for accounting of broad range of financial products and contracts which use these interbank offer rates as benchmarks. To...