Libor-Related Accounting Breaks Set to Cover More Derivatives

More forwards and swaps could qualify for accounting relief designed to make it easier for companies to break free of the much-used but scandal-tinged London Interbank Offered Rate.

The Financial Accounting Standards Board on Thursday released a proposal that would allow a wider range of derivatives to qualify for special accounting breaks aimed at blunting the impact of the global shift from the London benchmark. The plan would allow derivatives indexed to rates that won’t be discontinued, like the Fed Funds Effective Swap Rate, to take advantage of accounting relief FASB published.

• FASB in March issued a package of ...