On November 13, ISDA responded to the Financial Accounting Standards Board’s (FASB) Reference No. 2020-900 Reference Rate Reform (Topic 848) public consultation. ISDA’s members support the FASB’s proposals to address the accounting implications of the discounting transition for derivatives contracts that do not reference a rate that is expected to be discontinued. In the response, ISDA’s members include additional feedback and proposed refinements for the FASB’s consideration.
Documents (1) for ISDA Response on FASB Reference Rate Reform Guidance
Latest
Paper on Liquidity Assessment for Single-name CDS
On September 5, ISDA submitted a paper to the European Securities and Markets Authority (ESMA) and the European Commission in support of its earlier response to ESMA’s Markets in Financial Instruments Regulation (MIFIR) review consultation package 4 (CP4) on transparency...
Response to EC on Delegated Regulation
On September 4, ISDA responded to the European Commission’s (EC) consultation on amendments to delegated regulation (EU) 2017.567. The key area of interest for ISDA was the proposed insertion of a new article 16a that establishes what constitutes a post-trade...
Raising Clients’ Awareness on Portability
Clients accessing a central counterparty (CCP) via a client clearing service provider (CCSP) for over-the-counter (OTC) and exchange-traded derivatives should consider what may happen to their positions and collateral in a scenario in which the CCSP defaults. While regulatory regimes...
Response to FCA on Ancillary Activities Test
On August 28, ISDA and FIA submitted a joint response to the Financial Conduct Authority’s (FCA) consultation paper CP25/19 on the ancillary activities test to determine if commercial users or producers of commodities that trade in commodity derivatives, emission allowances...