On October 11, ISDA responded to the Financial Accounting Standards Board’s (FASB) proposals on debt-debt with conversion and other options (subtopic 470-20) and derivatives and hedging – contracts in entity’s own equity (subtopic 815-40). ISDA supports the FASB’s efforts to simplify the US GAAP principles applicable to certain financial instruments with characteristics of liabilities and equity, including convertible instruments, as well as the applicability of the derivatives scope exception for contracts indexed to an entity’s own equity. ISDA believes the FASB’s proposal will reduce complexity for preparers and improve the usefulness of the information provided in the financial statement for decision-makers and other users.
Documents (1) for ISDA Response to FASB Exposure Drafts
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Response on Dividend Stripping
On October 14, ISDA, the Association for Financial Markets in Europe (AFME) and the International Securities Lending Association (ISLA) submitted a joint response to the Dutch Ministry of Finance on its proposed measures on dividend stripping. While supporting the policy...
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US FX Derivatives Review
ISDA has expanded its SwapsInfo website to include data on US foreign exchange (FX) derivatives, extending the platform's coverage beyond interest rate and credit derivatives to a third over-the-counter derivatives asset class. The US FX Derivatives Review covers trading activity...
Response to FCA on Post-trade Transparency
On October 16, ISDA responded to the Financial Conduct Authority’s (FCA) consultation CP26/30. While the consultation is principally focused on cash equity market structure and transparency, ISDA responded to questions on the potential inclusion of equity swaps in the scope...