IFRS 7, titled Financial Instruments: Disclosures, is an International Financial Reporting Standard (IFRS) published by the International Accounting Standards Board (IASB). It requires entities to provide certain disclosures regarding financial instruments in their financial statements. The standard was originally issued in August 2005 and became applicable on 1 January 2007, superseding the earlier standard , Disclosures in the Financial Statements of Banks and Similar Financial Institutions, and replacing the disclosure requirements of , previously titled Financial Instruments: Disclosure and Presentation.