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
Cross-product Netting Under US Capital Rules
ISDA, FIA and the Securities Industry and Financial Markets Association (SIFMA) have developed a discussion paper to: (i) provide an overview of cross-margining programs developed by clearing organizations and their importance in the context of implementing recent market reforms with...
ISDA/IIB/SIFMA request to extend 22-14
This joint ISDA/IIB/SIFMA letter requests reporting relief for certain non-US swap dealers in Australia, Canada, the European Union, Japan, Switzerland or the United Kingdom with respect to their swaps with non-US persons. The joint trade association letter, submitted to CFTC...
ISDA In Review – March 2025
A compendium of links to new documents, research papers, press releases and comment letters published by ISDA in March 2025.
Updated OTC Derivatives Compliance Calendar
ISDA has updated its global calendar of compliance deadlines and regulatory dates for the over-the-counter (OTC) derivatives space.