The IASB developed and refined ‘core areas’ that are central to an accounting model (core model) that might enable investors to understand the effect of a company’s dynamic risk management. The model’s development reflects information gathered at meeting with banks that use dynamic risk management for repricing risk due to changes in interest rate.
The project was added to the standard-setting programme in May 2022, and the IASB is now working towards publishing an exposure draft.
The IASB met on 25 October 2023 to discuss the types of risk management activities for which the Dynamic Risk Management (DRM) model would be appropriate and provide useful information.
The IASB was not asked to make any decisions.