ISDA Responds to the IASB’s ED/2017/3 Prepayment Features

ISDA has responded to the International Accounting Standards Board’s (IASB) proposal to amend IFRS 9 Financial Instruments to enable companies to measure certain prepayable financial assets with so-called negative compensation options. ISDA’s members are of the view that it is important this issue is dealt with urgently, given the IFRS 9 application date is in January 2018. In view of this timetable, our members believe it is important for the IASB to limit any amendments made to IFRS 9 and, more specifically, to matters necessary to address the issue that was submitted to the IFRS Interpretations Committee. They do not think it is appropriate for the IASB to add more interpretative guidance by means of additional basis of conclusions paragraphs into the literature, which could have unintended consequences for other financial instruments.

Documents (1) for ISDA Responds to the IASB’s ED/2017/3 Prepayment Features

Credit Derivatives Trading Activity Q2 2025

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...

Recognition of Cross-product Netting is Critical

US regulators are in the process of making important changes to the regulatory capital framework by proposing modifications to the enhanced supplementary leverage ratio, which should help stop it from acting as a non-risk-sensitive constraint on bank capacity – a...

ISDA, GFXD Response to FCA on SI Regime

On September 10, ISDA and the Global Foreign Exchange Division (GFXD) of the Global Financial Markets Association responded to the Financial Conduct Authority's (FCA) consultation paper CP25/20 on the systematic internalizer (SI) regime for derivatives and bonds. ISDA and the...