marketwatch TECHNICAL UPDATE (TT Sep09 p8)

The regulators and standard-setters have done the usual trick of clearing their desks prior to the holiday season and putting several important public consultations out to run over the holidays.

This month’s Technical Update flags two very significant proposals for changes. One is from the IASB on replacing our old friend, accounting standard IAS 39, while the other from the EuropeanCommission may not have been so noticeable, but could represent the beginning of a series of radical and unwelcome restrictions on treasurers’ ability to do normal derivative transactions. Both proposals warrant a reaction from companies to make sure that treasurers’ views are heard. You can respond directly or provide your feedback via the ACT.