ISDA has responded to the International Accounting Standards Board’s IFRS 13 Post-implementation Review public consultation. Although our members are pleased with the principle-based approach used on the IFRS 13 standard to report fair value and the flexibility that it provides, our members are concerned with: (i) the costs associated with preparing the level 3 reconciliations; (ii) request to reconsider the use of P*Q for level 1 instruments, which assumes that the price that may be achieved for selling one share can also be achieved to sell a large holding; and (iii) recommends that any changes in this area should be coordinated with the Financial Accounting Standards Board.
Documents (1) for ISDA Responds to IFRS 13 Post-implementation Review
Latest
ISDA Publishes DC Governance Committee Proposal
ISDA has published a proposal for a new governance committee for the CDS Determinations Committees (DCs), the first in a series of amendments to improve the structure of the DCs and maintain their integrity in changing economic and market conditions....
CDS Governance Committee Public Consultation
ISDA is pleased to present the proposed Charter for the Credit Derivatives Governance Committee and accompanying DC Rule changes to implement. Pursuant to the announcement made in 2024, an ISDA working group formed from ISDA’s Credit Steering Committee has worked...
TD Securities Integrates ISDA Create
ISDA has announced that TD Securities has completed its integration of ISDA Create across its global suite of client trading and regulatory agreements. Powered by CreateiQ and S&P Global Market Intelligence, ISDA Create allows users to digitally transform the trading...
ISDA to Extend DRR to cover MIFID/MIFIR Reporting
ISDA has announced it will extend the ISDA Digital Regulatory Reporting (ISDA DRR) solution to cover reporting requirements under the EU and UK Markets in Financial Instruments Directive (MIFID) and Markets in Financial Instruments Regulation (MIFIR), and is working with...