On June 6, 2022, ISDA submitted a comment letter to the Financial Accounting Standards Board (FASB) in response to its exposure draft (ED). In the letter, ISDA’s members highlighted their support of the proposals to defer the sunset date of topic 848 and clarify the definition of SOFR. ISDA’s members believe the ED achieves the FASB’s objective of easing the burden associated with accounting and disclosing during the transition to interbank offered rates, and identified several areas where the ED’s proposals could be further enhanced.
Documents (1) for ISDA Responds to FASB on Exposure Draft
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Response on UK MIFIR Reporting Guidelines
On November 6, ISDA responded to the Financial Conduct Authority’s (FCA) consultation CP26/34 ‘Preparing for the new transaction reporting regime’ on the upcoming changes to the UK Markets in Financial Instruments Regulation (MIFIR) transaction reporting regime, as set out in...
Response on Transaction Reporting and Transparency
On October 30, ISDA submitted comments on the European Parliament’s (EP) proposed transaction reporting and transparency-related amendments to the European Commission’s Market Integration and Supervision Package (MISP). On transaction reporting, ISDA commends the EP’s ambition but cautions against trying to...
Joint Paper on EC Tax Omnibus
On November 5, ISDA, the Association for Financial Markets in Europe (AFME) and the International Securities Lending Association (ISLA) submitted a paper to support the proposed European Commission (EC) Tax Omnibus as a route to simpler, more certain cross-border taxation....
Response to FCA on Tokenized Gold
On November 2, ISDA responded to the Financial Conduct Authority’s (FCA) call for input on tokenized gold. ISDA supports the use of tokenized gold as wholesale collateral and highlights the benefits it could bring to collateral management and settlement. ISDA...