ISDA’s Response to the IASB on General Presentation and Disclosures

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.

Recognition of Cross-product Netting is Critical

US regulators are in the process of making important changes to the regulatory capital framework by proposing modifications to the enhanced supplementary leverage ratio, which should help stop it from acting as a non-risk-sensitive constraint on bank capacity – a...

ISDA, GFXD Response to FCA on SI Regime

On September 10, ISDA and the Global Foreign Exchange Division (GFXD) of the Global Financial Markets Association responded to the Financial Conduct Authority's (FCA) consultation paper CP25/20 on the systematic internalizer (SI) regime for derivatives and bonds. ISDA and the...

ISDA Response on Clearing Costs

On September 8, ISDA responded to consultation by the European Securities and Markets Authority (ESMA) on a draft regulatory technical standard on clearing fees and associated costs (article 7c(4) of the European Market Infrastructure Regulation (EMIR)). In the response, ISDA...