EFRAG’s endorsement advice on Novation of Derivatives (IAS 39)

The European Commission has requested EFRAG to deliver its endorsement advice on the Novation of Derivatives to CCPs as soon as possible. As a consequence EFRAG requests from its constituents their assessments of the amendments from an endorsement advice criteria perspective.

Documents (1) for EFRAG’s endorsement advice on Novation of Derivatives (IAS 39)

Addressing Termination Troubles

When Enron announced a shock $618 million loss on October 16, 2001, it took a further 47 days until it filed for bankruptcy. For Bear Stearns, it took 266 days between its bailout of a structured credit fund run by...