ISDA response to FASB on Derivatives and Hedging

On January 14, ISDA responded to the Financial Accounting Standard Board’s (FASB) Consultation on the Proposed Accounting Standards Update (ASU) Derivatives and Hedging (Topic 815). ISDA supports the FASB’s efforts to clarify and improve the US generally accepted accounting principles (GAAP) applicable to hedging activities. While the FASB’s efforts to provide clarification on certain matters in the proposed ASU is appreciated, ISDA  also encourages the FASB to add a phase-two targeted hedge accounting improvements project to its agenda. Such a project could address certain practice issues and other matters that remain unresolved or have arisen since the issuance of ASU 2017-12, which would be more than technical corrections.

Documents (1) for ISDA response to FASB on Derivatives and Hedging

ISDA AGM Studio: Doug Donahue and Oliver Maxwell

Just a small delay in the delivery and receipt of a termination notice can have significant economic consequences for derivatives counterparties. Doug Donahue, partner at Linklaters, and Oliver Maxwell, product management director, platforms and regulatory compliance at S&P Global Market...

ISDA AGM Studio: Jacques Vigner, BNP Paribas

Jacques Vigner, ISDA board member and chief strategic oversight officer for global markets at BNP Paribas, speaks with Mark Gheerbrant, global head of risk and capital at ISDA, on the key obstacles to a consistent, risk-appropriate capital framework and how to...