ISDA Asks FASB to Consider Crypto Assets Accounting

On June 7, ISDA submitted a letter to the Financial Accounting Standards Board (FASB), asking it to consider adding crypto assets to its agenda. Members are concerned that crypto assets are currently accounted for as indefinite-lived intangible assets under topic 350. This practice is an issue for many entities that treat crypto assets as a means for investment and active trading. This accounting practice does not appropriately reflect the economics of the assets in the financial statements.

Documents (1) for ISDA Asks FASB to Consider Crypto Assets Accounting

Remove Bureaucracy from Cross-margin Approvals

Cross-margining programs play a critical role in financial markets. By ensuring margin requirements more closely reflect the actual risk of a portfolio of products, they reduce liquidity strain and improve market efficiency, both of which will become even more important...

Joint Response on CCP Resolution

On September 7, ISDA and FIA responded to a Bank of England (BOE) discussion paper on central counterparty (CCP) resolution. The associations support greater clarity on valuation capabilities prior to a crisis scenario and the boundary between recovery and resolution,...