ISDA Asks FASB to Consider Crypto Assets Accounting

On June 7, ISDA submitted a letter to the Financial Accounting Standards Board (FASB), asking it to consider adding crypto assets to its agenda. Members are concerned that crypto assets are currently accounted for as indefinite-lived intangible assets under topic 350. This practice is an issue for many entities that treat crypto assets as a means for investment and active trading. This accounting practice does not appropriately reflect the economics of the assets in the financial statements.

Documents (1) for ISDA Asks FASB to Consider Crypto Assets Accounting

A Positive Step to Improve the FRTB in the EU

As the Basel III capital reforms are finalized for implementation in key jurisdictions, ISDA is maintaining a laser focus on making sure the rules are robust and risk-appropriate. Simply put, if capital requirements are set disproportionately high, this will have...

Appropriate Capital Rules Critical for Markets

“Setting capital requirements for globally active banks is a fine balanc­ing act. As regulators learned during the global financial crisis, insuffi­cient capital creates vulnerabilities in the banking sector that can have damaging consequences in times of stress. However, if banks...