On September 15, ISDA responded to the International Accounting Standards Board’s consultation on General Presentation and Disclosures – Exposure Draft: ED/2019/7. Although members are supportive of the proposals for reporting derivatives in the operating category, they are concerned it may lead to the creation of another hedge-accounting-type framework alongside the existing hedge accounting requirements, adding to the complexity and cost of financial reporting, which could be more challenging for corporate entities.
Documents (1) for ISDA’s Response to the IASB on General Presentation and Disclosures
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Response on UK MIFIR Reporting Guidelines
On November 6, ISDA responded to the Financial Conduct Authority’s (FCA) consultation CP26/34 ‘Preparing for the new transaction reporting regime’ on the upcoming changes to the UK Markets in Financial Instruments Regulation (MIFIR) transaction reporting regime, as set out in...
Response on Transaction Reporting and Transparency
On October 30, ISDA submitted comments on the European Parliament’s (EP) proposed transaction reporting and transparency-related amendments to the European Commission’s Market Integration and Supervision Package (MISP). On transaction reporting, ISDA commends the EP’s ambition but cautions against trying to...
Joint Paper on EC Tax Omnibus
On November 5, ISDA, the Association for Financial Markets in Europe (AFME) and the International Securities Lending Association (ISLA) submitted a paper to support the proposed European Commission (EC) Tax Omnibus as a route to simpler, more certain cross-border taxation....
Response to FCA on Tokenized Gold
On November 2, ISDA responded to the Financial Conduct Authority’s (FCA) call for input on tokenized gold. ISDA supports the use of tokenized gold as wholesale collateral and highlights the benefits it could bring to collateral management and settlement. ISDA...