Comments by the German Banking Industry Committee on the Exposure Draft "Classification and Measurement: Limited Amendments to IFRS 9" (ED/2012/4)

With this Exposure Draft, the IASB has picked up on various points of criticism regarding the already finalised IFRS 9 (2009/2010). The key change is the proposed introduction of the FVTOCI category. The IASB has stated that such a category would avoid differences to US GAAP rules and that measurement or recognition inconsistencies would be reduced for insurance companies.