11/02/2026 (Agence Europe) – In a working paper published on Tuesday 10 February, the European Financial Reporting Advisory Group (EFRAG) reacts to the International Accounting Standards Board’s (IASB) plan to amend ‘IFRS’ standards - the international accounting standards used by listed companies in the EU - in order to introduce a new risk mitigation accounting model. EFRAG stresses the importance of this issue for the European Union, where banks still apply a specific adaptation of ‘IAS 39’, and warns against the complexity of the proposed new model and its possible effects on capital requirements and the volatility of the accounts. A stakeholder consultation has been launched to inform the future European position, ahead of a decision by the European Commission on the adoption of these new ‘IFRS’ rules in the EU. See the working document: https://aeur.eu/f/kok (BD)