The IASB’s regular monthly meeting is being held on 20-22 July 2011 in London, much of it a joint meeting with the FASB. We have posted Deloitte observer notes from some of the sessions held on Thursday and Friday, where the following topics were discussed: leases, ICAS/NZICA disclosure report, effective dates, IFRS Interpretation Committee update, replacement of IAS 39, asset and liability offsetting, and hedge accounting.