1. Risk & Capital
  2. Tax & Accounting
  3. ISDA responds to EC Consultation on Fitness Check on EU Framework for Public Reporting

ISDA responds to EC Consultation on Fitness Check on EU Framework for Public Reporting

Risk & Capital
Tax & Accounting July 17, 2018
< 1  min.read

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

Credit Derivatives Trading Activity Q3 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...

Striking a Balance on EU Market Risk Capital

With US prudential regulators poised to publish a revised Basel III endgame proposal this year, and EU and UK regulators moving to finalize their own rules, ISDA is maintaining a laser focus on achieving a risk-appropriate capital framework that is...

Episode 53: The IOSCO Agenda

Global policymakers are focused on a wide-ranging set of issues, including NBFI and the rapid development of advanced technologies. IOSCO secretary general Rodrigo Buenaventura unpacks the regulatory agenda. Please view this page via Chrome to access the recording.