On February 4, ISDA’s Accounting Committee responded to the International Financial Reporting Standards (IFRS) Interpretations Committee on a fact pattern related to notional cash pooling facilities and the application of the offsetting rules. We do not believe that ‘intention’ as required by IAS 32 implies a certainty in period end balances, but instead an expectation in the net exchange of settlement amounts arising from an asset and liability on a specified date. We believe the tentative agenda decision should be amended to highlight the principles of IAS 32 and should not set out an opinion for this specific fact pattern.
Documents (1) for ISDA response to tentative agenda decision on IAS 32 Financial Instruments
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ISDA Letter to FASB on Agenda Consultation
On June 30, ISDA submitted a comment letter to the Financial Accounting Standards Board (FASB) in response to the proposal File Reference No. 2025-ITC100, Agenda Consultation. In the letter, ISDA believes the highest priority should be given to expanding the hedge...
Joint Paper on UK EMIR Reform
On July 1, ISDA and UK Finance published a paper, which recommended a set of reforms for the UK European Market Infrastructure Regulation (UK EMIR), carefully considering each EU EMIR 3.0 reform and asking whether we would wish to adopt...
Response to FCA on UK EMIR Reporting
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CDS Trading Activity in EU, UK and US Markets
This report analyzes credit derivatives trading activity reported in Europe. The analysis shows European credit derivatives transactions based on the location of reporting venues (EU versus UK) and product type. The report also compares European-reported credit derivatives trading activity to...