ISDA Submits Letter to FASB on Future Agenda

On September 22, 2021, ISDA submitted a letter to the Financial Accounting Standards Board (FASB) in response to its agenda consultation. ISDA’s members welcome the opportunity to assist the FASB in deciding where to focus its standard-setting efforts and believe there are a number of pervasive issues that have arisen in recent years due to changes in the market that were not originally contemplated when developing US Generally Accepted Accounting Principles. ISDA has also submitted several agenda requests in recent years, which are referenced in the responses to the questions and included as appendices to this letter.

Documents (1) for ISDA Submits Letter to FASB on Future Agenda

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...