On November 25, ISDA submitted a comment letter to the Financial Accounting Standards Board (FASB) in response to its exposure draft (ED) on File Reference No. 2024-ED200, Derivatives and Hedging (Topic 815) – Hedge Accounting Improvements. ISDA supports the FASB’s proposals in the ED and believes it achieves the FASB’s objective of improving the application and relevance of the derivatives and hedging guidance.
In the response, ISDA included an appendix that summarizes other opportunities to improve accounting and reporting for hedge accounting under Topic 815. Those issues are discussed in a recent ISDA whitepaper, which highlights a number of other issues across cashflow, fair value and foreign currency hedge accounting, which ISDA believes can be addressed through standard setting.
Documents (1) for ISDA Letter to FASB on Hedge Accounting Improvements
Latest
Developing OTC Commodity Derivatives in India
The development of a robust and liquid over-the-counter (OTC) commodity derivatives market in India could support the continued growth of India’s economy given its significant reliance on commodities. A well-functioning OTC market in India would offer several advantages. First, it...
A Critical Step to Efficient Treasury Clearing
By the end of this year, the first prong of the Securities and Exchange Commission’s (SEC) Treasury clearing mandate will come into force. This is part of a regulatory effort to make the financial system more robust, but it will...
Joint Response to FCA and HMT Consultations
On January 16, ISDA and UK Finance responded to both the consultation on streamlining the UK European Market Infrastructure Regulation (UK EMIR) intragroup regime by the Financial Conduct Authority’s (FCA) and the draft statutory instrument from His Majesty’s Treasury (HMT)....
Key Trends in OTC Derivatives Market H1 2025
The latest data from the Bank for International Settlements (BIS) over-the-counter (OTC) derivatives statistics shows an increase in notional outstanding of OTC derivatives during the first half of 2025 compared to the first half of 2024. Notional outstanding rose across...