ISDA’s Accounting Committee has responded to the International Accounting Standards Board’s discussion paper, Financial Instruments with Characteristics of Equity DP/2018/1. ISDA’s members accept that IAS 32 Financial Instruments: Disclosure and Presentation includes a number of accounting requirements that can be improved. However, we don’t believe the standard is ‘broken’ and in need of a totally new model with untested principles that may have unintended consequences. Therefore, our members believe there are parts of the analysis carried out in the discussion paper that could be used to improve IAS 32 and resolve some of the long-standing issues, rather than require entirely new and untested accounting rules.
Documents (1) for ISDA Responds to Paper on Financial Instruments with Characteristics of Equity
Latest
Response to EC Consultation on MICA Review
On September 29, ISDA responded to the European Commission’s (EC) targeted consultation on the review of the Markets in Crypto-Assets Regulation (MICA). ISDA’s response focuses on tokenization in over-the-counter derivatives and collateral markets. It argues that tokenized collateral can enable...
ISDA DTF Hong Kong: Steven Kennedy Remarks
ISDA Derivatives Trading Forum Hong Kong November 12, 2026 Opening Remarks Steven Kennedy Global Head of Public Policy, ISDA Good morning, and welcome to the ISDA Derivatives Trading Forum. It’s great to be here in Hong Kong – thanks for...
2026 FX Definitions: Act Now
On November 22, 2027, the 2026 FX Definitions will come into effect. From that point, these definitions will become the market standard for all cleared and new non-cleared FX derivatives, and the Swift messaging service will halt its support of...
IRD Trading in Mainland China and Hong Kong
This report examines interest rate derivatives (IRD) trading activity in mainland China and Hong Kong in the first half of 2026. Onshore renminbi (RMB) IRD traded notional in mainland China rose to $3.4 trillion in the first half of 2026,...