AIB Launch FIMS to Address IAS 39 Concerns

AIB International Financial Services (AIBIFS) has launched Financial Instrument Management Services (FIMS), a web-based portal providing best practice IAS 39 and risk management solutions. AIBIFS has teamed up with AIB Global Treasury Services to market the FIMS service to AIB Group’s Corporate and Institutional client base. According to Neil Fleming, Finance Director of AIBIFS, ‘Increasingly, companies are struggling to come to terms with the stringent documentation and testing requirements laid down in IAS 39 in order to qualify for hedge accounting. FIMS provides companies with a user-friendly mechanism to document and test their hedges in accordance with the new accounting regulations.’


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