Summary: On July 17, ISDA’s accounting committee responded to the European Commission’s (EC) consultation on ‘Fitness Check on the EU Framework for Public Reporting by Companies’. ISDA’s members stressed that the main objective of IFRS is to provide useful information to investors, lenders and other creditors to assist them in making decisions about buying, selling, settling or holding equity and debt instruments and other forms of credit. The IFRS is not – and should not be – designed to ensure financial stability or to promote sustainability. The main achievements of IFRS have been to help develop cross-border markets within the EU and across the globe. A single accounting framework has strengthened confidence in financial reporting, reduced the costs of reporting for entities with multinational operations and promoted the free movement of accounting personnel.
Documents (1) for ISDA responds to EC Consultation on Fitness Check on EU Framework for Public Reporting
Latest
Joint Response to 2026 US G-SIB Surcharge Proposal
On June 18, ISDA, the Securities Industry and Financial Markets Association and the Institute of International Finance submitted a joint response to US agencies on proposed changes to the surcharge for global systemically important banks (G-SIBs). The associations welcome the...
Eyeing the Basel III Finish Line
An effective regulatory capital framework relies on multiple ingredients, from appropriate drafting to rigorous testing and consultation. Even minor calibration distortions can inflate capital requirements, which could negatively affect the capacity of banks to support deep and liquid markets, with...
Joint Comment Letter on Basel III Endgame Proposal
The Institute of International Finance (IIF), the International Swaps and Derivatives Association, Inc. (ISDA) and the Securities Industry and Financial Markets Association (SIFMA) today submitted a joint comment letter to the Board of Governors of the Federal Reserve System, the...
Joint Response to 2026 US Basel III Proposal
On June 18, ISDA, the Institute of International Finance and the Securities Industry and Financial Markets Association submitted a joint response to the 2026 US Basel III notice of proposed rulemaking (NPR). The response focuses on the Fundamental Review of...