On October 3, ISDA responded to the European Financial Reporting Advisory Group’s (EFRAG) invitation to provide feedback on its interest rate benchmark reform assessment (amendments to IFRS 9, IAS 39 and IFRS 7). EFRAG has been asked by the European Commission (EC) to provide technical advice on the costs and benefits that would arise from implementation of the International Accounting Standards Board’s interest rate benchmark reform amendment in the European Union and European Economic Area. ISDA’s members agree with the EFRAG’s assessment that the IASB amendment is not contrary to the principles and criteria for endorsement set out in Regulation (EC) No 1606/2002.
Documents (1) for ISDA Response to EFRAG on Benchmark Reform
Latest
Refreshing the FX Definitions
A lot has changed in the FX derivatives market since 1998, when the last set of standard definitions for FX transactions were published. Trading volumes have grown substantially, and average daily turnover has risen by six times. Market practices have...
ISDA & EMTA Publish New FX Definitions
ISDA and EMTA, Inc., the trade association for emerging markets, have jointly published a revised set of standard definitions for foreign exchange (FX) derivatives transactions, which update key market practices and consolidate various FX and FX-related product templates and provisions...
ISDA Position Paper on SFDR Review
On February 27, ISDA and the Association for Financial Markets in Europe (AFME) published a position paper on the European Commission’s (EC) proposed revisions to the Sustainable Finance Disclosure Regulation (SFDR 2.0). The paper welcomes the EC’s proposal as a...
ISDA Response to HKMA SFC Consultation on Clearing Rules
On February 27, ISDA responded to a joint consultation by the Hong Kong Monetary Authority (HKMA) and the Securities Futures Commission (SFC) on proposed amendments to schedule 2 of the clearing rules for over-the-counter (OTC) derivatives. The proposed amendments introduce...