Hedge Accounting FASB Update
In July 2015, we provided an update about the FASB’s project to change the hedge accounting rules. The FASB has been working on hedge accounting for over a year and expects the exposure draft to be published any day. The Board has proposed several changes that are primarily intended to better align the economics of hedging with the reported accounting results. This bulletin summarizes the key decisions the FASB has made over the past year that are relevant to financial institutions.