EFRAG together with the Associazione Italiana degli Analisti e Consulenti Finanziari (AIAF), European Federation of Financial Analysts Societies (EFFAS) and Organismo Italiano Di Contabilità (OIC) organised an investor outreach event in Milan on 29 November 2016 covering the amendments to IFRS 4 Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts (“the Amendments to IFRS 4”) and IFRS 16 Leases. This report has been prepared for the convenience of European constituents.
Paolo Balice (President of AIAF) opened the joint investor outreach event and welcomed EFRAG, EFFAS, the OIC, the speakers and participants.
At the conference, Fred Nieto (Head of Investor Engagement IASB) introduced the key elements of the Amendments to IFRS 4 issued in September 2016. Subsequently, Patricia McBride (EFRAG Technical Director) explained EFRAG’s endorsement advice process on the Amendments to IFRS 4. This was followed by a round table panel discussion led by Angelo Casò, President of the OIC Executive Board and EFRAG Board member. The panel comprised Elena Perini, AIAF, Intesa Sanpaolo and Luca D’Onofrio, EFFAS FAC, Bip who were joined by Fred Nieto and Patricia McBride. Fred Nieto introduced the key changes and elements of IFRS 16 Leases and Saskia Slomp (EFRAG Director Governance & Admin) subsequently explained EFRAG’s endorsement advice process on IFRS 16 and its Preliminary Consultation Document regarding the endorsement of IFRS 16. This was followed by a round table panel discussion on IFRS 16 led by Alberto Giussani, member of the OIC Executive Board. The panel comprised Chiara Del Prete, AIAF, Mazars; Marianna Sorrente, AIAF; Javier de Frutos, Chairman EFFAS FAC; who were joined by Fred Nieto and Saskia Slomp.
The presentation slides can be found on EFRAG’s Website (here)