A European example of how disagreements might arise in classifying financial instruments As part of its activities, the European Securities and Markets Authority (ESMA) organizes a forum of enforcers from 30 different European jurisdictions, all of whom carry out monitoring and review programs similar to those carried out here by the Canadian Securities Administrators. ESMA…

The IASB has issued a package of amendments to the forthcoming financial instruments accounting standard IFRS 9, including delaying the effective date On November 19, 2013, the IASB issued a package of amendments to the much-delayed new financial instruments accounting standard, IFRS 9. Here’s the very high-level summary: “The amendments: bring into effect a substantial…