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
Latest
Next Steps on a Much Improved Basel III Endgame
Publication of the revised Basel III endgame proposal earlier this month marks an important step towards completion of the global capital reforms, giving banks much-needed clarity on the likely calibration of the rules in the US. The new proposal is...
Paper on Market Integration Plans
On March 20, ISDA shared its position paper on better regulation and supervision within the European Commission’s (EC) Market Integration and Supervision Package (MISP) proposal with decision makers in the European Parliament, the Council of the European Union and the...
Gentek AI Selected to Develop DRR Traceability
ISDA has selected Gentek AI to develop a new traceability tool for the ISDA Digital Regulatory Reporting (DRR) solution, enhancing transparency for users of the ISDA DRR. The traceability tool will allow users to look back at the history of...
ISDA Guidance: SOFR Publication on Good Friday 2026
ISDA guidance for parties to over-the-counter derivative transactions affected by expected non-publication of SOFR on Good Friday in 2026. Please note that the guidance may be updated from time to time.