On January 12, 2022, ISDA submitted a response to the International Accounting Standards Board on the exposure draft related to International Financial Reporting Standard 13. ISDA’s members welcome the opportunity to review and improve the effectiveness of disclosures and reduce the burden on preparers. However, ISDA’s members do not believe that replacing the prescriptive disclosure requirements with overall disclosure objectives will lead to more decision-useful information. ISDA believes that the proposal could lead to practical challenges and a lack of comparability between entities and periods.
Documents (1) for ISDA Responds to IFRS on Exposure Draft Disclosure Requirements
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ISDA Omnibus Canadian Representation Letter
On September 2, ISDA published the Omnibus Canadian Representation Letter, which combines previously published representation letters drafted to assist firms in compliance with Canadian trade reporting, business conduct, regulatory margin and clearing classification rules. The Omnibus Canadian Letter is designed...
Joint Response on Cross-margining
On August 31, ISDA and FIA submitted a letter to the US Commodity Futures and Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) on the agencies’ joint request for comment on the implementation of portfolio margining and cross-margining...
Accounting for Carbon Credits: Latest Developments
This paper updates and extends the analysis set out in ISDA’s October 2023 paper on accounting for carbon credits. While preserving the original focus on the accounting treatment of voluntary carbon credits (VCCs) and compliance carbon credits (CCCs), it expands...
Response to SEC on FICC Guaranty Fund
On September 1, ISDA and FIA submitted a joint response to the US Securities and Exchange Commission (SEC), supporting the Fixed Income Clearing Corporation’s (FICC) proposal to establish a dedicated guaranty fund at its government securities division (GSD). FICC had...