IAS 39 to cost UK plc £500m

JMH Treasury found that companies with market capitalisations of over £2bn will spend at least £1m each to ensure their treasury systems meet the requirements of the new rules on derivatives and other financial instruments listed in IAS 39.

The study also showed that very few are ready for the introduction of IAS 39 with 50 of the UK’s top 500 companies unable to answer the JMH’s questions on financial instruments, according to the Financial Times.

Related reading