The International Accounting Standards Board (IASB) has extended the public consultation on its proposed Risk Mitigation Accounting model.
Last year, standard setter proposed a new model to better reflect how financial institutions manage interest rate risk within their portfolios, which would be implemented through amendments to IFRS 9 and IFRS 7.
The consultation was originally set to close on 31 July but the deadline for comment has now been postponed until 30 November.
In a statement, the IASB explained that this decision “responds to stakeholder feedback that more time was required to fully consider the technical and operational aspects of the proposals”.