More NewsWeb-based IAS 39 Toolkit From RBS

Web-based IAS 39 Toolkit From RBS

The Royal Bank of Scotland (RBS) has launched a web-based tool to perform hedge effectiveness tests for a range of interest rate and currency derivatives. The IAS 39 Toolkit has been designed to help customers carry out hedge effectiveness assessments, the more technical and computationally intensive of the IAS39 hedge accounting requirements. The solution will be offered to RBS corporate customers across the bank’s global markets. Commenting on the announcement, John McCormick, Global Head of Sales & Marketing Financial Markets, said: “We recognise that IAS 39 will have a significant impact on our customers. This complex piece of regulation is forcing many of our customers to rethink and review their funding and hedging strategies.”

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