On October 11, ISDA responded to the Financial Accounting Standards Board’s (FASB) proposals on debt-debt with conversion and other options (subtopic 470-20) and derivatives and hedging – contracts in entity’s own equity (subtopic 815-40). ISDA supports the FASB’s efforts to simplify the US GAAP principles applicable to certain financial instruments with characteristics of liabilities and equity, including convertible instruments, as well as the applicability of the derivatives scope exception for contracts indexed to an entity’s own equity. ISDA believes the FASB’s proposal will reduce complexity for preparers and improve the usefulness of the information provided in the financial statement for decision-makers and other users.
Documents (1) for ISDA Response to FASB Exposure Drafts
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ISDA Response to FCA on Fund Tokenization
On November 21, ISDA responded to the Financial Conduct Authority’s (FCA) consultation paper CP25/28 on progressing fund tokenization. In the response, ISDA focuses on the use of tokenized assets as both cleared and non-cleared derivatives collateral. Tokenization presents a significant...
ISDA Requests FASB to Consider ASC 815
On November 19, ISDA submitted a request to the Emerging Issues Task Force (EITF) of the Financial Accounting Standards Board (FASB) to clarify whether FASB Accounting Standards Codification (ASC) 815 does not prohibit using the spot method to assess hedge...
ISDA Response to CFTC Tokenized Collateral and Stablecoin Initiative
ISDA has responded to the CFTC’s Request for Input on the Tokenized Collateral and Stablecoin Initiative, offering perspectives on how tokenization and GENIUS Act–compliant payment stablecoins might contribute to more efficient and resilient collateral practices in derivatives markets. The letter...
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