As part of its deliberations on macro hedge accounting the IASB discussed broad alternatives for a basic architecture of a macro hedge accounting model.
IASB members preferred an approach of changing the accounting for the risk position over an alternative of changing the measurement of the hedging instruments.
IASB discussed various aspects of the valuation approach. For that approach the focus is on the determination and measurement of the risk position. Remeasuring the risk position is a possible way to mitigate some accounting mismatches, and thereby provide a better reflection of the economics.
As a result of the discussion the IASB will continue its deliberations on the basis of using a valuation approach.
No decisions were made.