ISDA response to FASB on Derivatives and Hedging

On January 14, ISDA responded to the Financial Accounting Standard Board’s (FASB) Consultation on the Proposed Accounting Standards Update (ASU) Derivatives and Hedging (Topic 815). ISDA supports the FASB’s efforts to clarify and improve the US generally accepted accounting principles (GAAP) applicable to hedging activities. While the FASB’s efforts to provide clarification on certain matters in the proposed ASU is appreciated, ISDA  also encourages the FASB to add a phase-two targeted hedge accounting improvements project to its agenda. Such a project could address certain practice issues and other matters that remain unresolved or have arisen since the issuance of ASU 2017-12, which would be more than technical corrections.

Documents (1) for ISDA response to FASB on Derivatives and Hedging

Response on Commodity Derivatives Markets

On April 22, ISDA and FIA submitted a joint response to the European Commission’s (EC) consultation on the functioning of commodity derivatives markets and certain aspects relating to spot energy markets. In addition to questions on position management, reporting and...

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ISDA/IIF Response to EC Market Risk Consultation

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ISDA Submits Letter on Environmental Credits

On April 15, ISDA submitted a response to the Financial Accounting Standards Board’s (FASB) consultation on environmental credits and environmental credit obligations. The response supports the FASB’s overall proposals to establish clear and consistent accounting guidance for environmental credits, but...