IASC Foundation publishes update on responses to the G20 conclusions

31 March 2009

The IASC Foundation has published a table summarising the actions and ongoing work by the IASB and IASC Foundation in response to the conclusions reached by the G20 leaders in their summits in Washington DC on 15 November 2008 and London 2 April 2009.

The G20 leaders met to discuss the global financial crisis and its implications in the markets. In their conclusions they endorsed global financial reporting standards and identified six topics that the IASC Foundation (and the IASB as its standard-setting body) should consider in the light of the crisis.

Some of the conclusions reached confirm the recommendations made earlier this year by the Financial Stability Forum. The IASB has been working with the FSF to address those suggested financial reporting enhancements. It is continuing that work and is taking additional steps to respond to the conclusions reached by the G20.

View an overview of how the IASB has been responding to the conclusions of the G20 - last updated 9 April 2009.
View the G20 conclusions.

View an exchange of letters reporting progress on G20 recommendations:

Letter from Financial Crisis Advisory Group to G20 leaders (29 April 2009)
Letter from Financial Crisis Advisory Group to G20 leaders (31 March 2009)
Reply from Chairman of the IASC Foundation Trustees, Gerrit Zalm to the G20 reporting progress on G20 recommendations (23 January 2009)
Letter from Alejandro Werner on behalf of the G20 to IASB Chairman Sir David Tweedie (12 January 2009)