Fear over derivative losses stops IASB rules in the EU

The EU delayed the introduction of International Accounting Standards Board (IASB) rules on valuing assets because they would hit some EU firms holding derivatives, the FT reports.

Analysts say some French, German and Italian banks with large investment banking activities would be hit by the changes, forcing them to report losses on derivatives.

Others fear they will be put at a disadvantage by not adopting the IASB standards.