The International Accounting Standards Board (IASB) is the international standard-setting body for accounting and financial reporting. The IASB's standards are used by companies and organizations all over the world, including those that engage in securitisation.
The IASB has issued a number of standards that specifically address securitisation, including:
- IFRS 9: Financial Instruments
- IFRS 15: Revenue from Contracts with Customers
- IFRS 17: Insurance Contracts
These standards provide guidance on how to account for securitisation transactions, including the measurement of assets and liabilities, the recognition of income and expenses, and the disclosure of information.
The IASB's standards are important for securitisation because they provide a consistent framework for accounting and reporting. This helps to ensure that investors and other stakeholders have access to reliable information about securitisation transactions.
Here are some of the applications of IASB standards in securitisation:
- To ensure that securitisation transactions are accounted for in a consistent manner
- To provide investors with reliable information about securitisation transactions
- To help to reduce the risk of financial reporting errors
- To facilitate the cross-border trading of securitisation securities
The IASB's standards are an important part of the global securitisation framework. They help to ensure that securitisation transactions are accounted for in a consistent manner and that investors have access to reliable information. This helps to promote transparency and efficiency in the securitisation market.