On July 7, ISDA submitted a comment letter to the International Accounting Standards Board (IASB) in response to its exposure draft on ‘Amendments to the Classification and Measurement of Financial Instruments, Proposed amendments to IFRS 9 and IFRS 7’.
ISDA members support the IASB’s efforts to address the issues that have been identified in the course of the post-implementation review (PIR) of the IFRS 9 classification and measurement requirements and are grateful for the urgency with which the IASB has sought to address the issues associated with accounting for financial instruments linked to environmental, social and governance and the most common application challenges members face in assessing the contractual cashflow characteristics for non-recourse assets and contractually linked instruments.
Both of these were new topics beyond the scope of the PIR, but ISDA members requested to include them in the review.
Documents (1) for ISDA responds to IASB on amendments to IFRS 9 and IFRS 7
Latest
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, IIF Response to PRA on Market Risk Framework
On September 12, ISDA and the Institute of International Finance (IIF) submitted a joint response to the Prudential Regulation Authority’s (PRA) consultation on adjustments to the market risk capital framework (CP 17/25). ISDA and the IIF strongly believe the market...
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...