ISDA has written a letter to the Financial Accounting Standards Board (FASB) requesting that the ability to designate a fair value or cash flow hedge of a foreign currency exposure that arises in connection with cross-border business acquisitions be considered as an agenda topic. This practice is pervasive across industries, narrow in nature, and can be resolved in a short-time frame. This practice is outside the scope of the recent hedging project that led to the issuance of Accounting Standards Update (ASU) 2017-12.
ISDA has also requested that derivative hedging the functional-currency-equivalent proceeds to be received from a forecasted foreign-currency-denominated debt issuance also be discussed. This topic was previously deliberated but left aside for a larger hedging project. This practice is pervasive across industries, narrow in nature, and can be resolved in a short-time frame. This practice is also outside the scope of the recent hedging project that led to the issuance of ASU 2017-12.
Documents (2) for ISDA sends agenda requests to FASB
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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
On June 30, ISDA submitted a response to chapter 5 of the UK Financial Conduct Authority’s (FCA) quarterly consultation CP25/16 on trade repository reporting requirements under the UK European Market Infrastructure Regulation (UK EMIR). Chapter 5 proposes ‘Amendments to the...
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...