On 19 March 2018 the annual exchange of views between the
Committee on Economic and Monetary Affairs (ECON) of the European
Parliament and the representatives of the IASB and the IFRS
Foundation was significant in respect of information about IFRS 9
'Financial Instruments' and IFRS 17 'Insurance
Contracts'. During this annual exchange of views, the
participants had the opportunity to discuss issues concerning the
development of international accounting standards and their
endorsement and application in Europe.
The focus of the initial statement of the IASB Chairman (Mr.
Hans Hoogervorst) was inter alia on the new insurance financial
reporting standard IFRS 17 Insurance Contracts, which is considered
to be the IASB's "most important standard". This
standard was published by the IASB in May 2017. After the
endorsement of IFRS 9 Financial Instruments in 2016, the IFRS 17
standard constitutes the major financial reporting standard to be
endorsed in the EU. It will have
