Comments on Amendments to the Classification and Measurement of Financial Instruments

The German Banking Industry Committee (GBIC) welcomes the IASB's approach to address the concerns expressed by stakeholders in the context of the Post-Implementation Review (PIR). Particularly with regard to the ESG issue, we consider it very important that IFRS 9 remains principles based and that no case-by-case rules have been included. We point out that the proposed disclosure requirements are clearly too extensive. They lead to a massive overloading of the notes and thus to an information overload. We therefore advocate that the IASB significantly reduce the scope of the planned disclosure requirements.