International Financial Reporting Standards

ISDA’s work with the IASB, the European Commission and the UK's Department of Trade and Industry


DateTitle / DescriptionDocuments
February 28, 2014
ISDA comment letter on IVSC’s exposure draft on ‘Credit and Debit Valuation’
On February 28, ISDA responded to the International Valuation Standard Council (‘IVSC’) exposure draft on ‘Credit and Debit Valuation’
ED IVSC CVA DVA final no signatures.pdf
January 14, 2014
ISDA response to IASB Discussion Paper (DP/2013/1) – A Review of the Conceptual Framework for Financial Reporting
On January 14, ISDA responded to the International Accounting Standards Board (IASB) Discussion Paper DP/2013/1 – A Review of the Conceptual Framework for Financial Reporting. The framework sets out the concepts that underpin the preparation and presentation of financial statements. It identifies principles for the IASB to use when it develops and revises international accounting standards and takes account of areas that have previously caused problems and that need updating.
ISDA conceptual framework 14012014.pdf
September 25, 2013
ISDA response to the report 'Should IFRS Standards be more European'
On September 25, ISDA responded to the draft report by Philippe Maystadt 'Should IFRS Standards be more European' (“the Report”) in order to reinforce the European Union's contribution to International Financial Reporting Standards (IFRS) (“the Review”).
ISDA letter to Mr Philippe Maystadt  24092013 final.pdf
September 9, 2013
ISDA letter to the EP re. Accounting and Financial Reporting
On September 9, ISDA wrote to Mr Theodor Stolojan (MEP) regarding Accounting and Financial Reporting and the role of EFRAG and the 'True and Fair View' and 'Prudence'.
ISDA Letter to MEP Theodor Stolojan final.pdf
July 4, 2013
EFRAG’s endorsement advice on Novation of Derivatives (IAS 39)
The European Commission has requested EFRAG to deliver its endorsement advice on the Novation of Derivatives to CCPs as soon as possible. As a consequence EFRAG requests from its constituents their assessments of the amendments from an endorsement advice criteria perspective.
EFRAG Novation endorment letter 4 July 2013.pdf
June 25, 2013
ISDA letter to EFRAG’s Public Consultation: is there a need for specific financial reporting for long-term investing activities business models?
ISDA response to the EFRAG public consultation considering possible ways for supporting long-term investment, questioning more specifically if investments held with a long term horizon are best represented when measured at fair value.
EFRAG LT consultation final.pdf
March 28, 2013
ISDA letter to the IASB on the ‘ED/2012/4’ Classification and Measurement: Limited Amendments to IFRS 9, Proposed amendments to IFRS 9 (2010)
ISDA letter to the IASB on their proposals for limited changes to the classification and measurement requirements for financial instruments under IFRS 9. The proposals form part of a wider project to reform accounting for financial instruments. The IASB published new classification and measurement requirements for financial assets in 2009 and for financial liabilities in 2010. However, in January 2012 the IASB decided to consider limited amendments to reduce ‘key differences’ with the FASB’s tentative classification and measurement model, to achieve increased comparability internationally in the accounting for financial instruments.
ISDA response IFRS 9 Limited Amendments final.pdf
March 25, 2013
ISDA letter to EFRAG on the IASB’s ED 2013/2 ‘Novation of Derivatives and Continuation of Hedge Accounting – Proposed amendments to IAS 39 and IFRS 9’
ISDA letter to EFRAG on the IASB proposal to change ‘IAS 39’ and ‘IFRS 9’ to permit the continuation of hedge accounting where hedging instruments are novated to a central counterparty in accordance with laws or regulations introduced by jurisdictions to implement the G20's agreed reforms on over-the-counter derivatives.
ISDA novation EFRAG  25 March 2013 v1.pdf
March 21, 2013
ISDA comment letter to the IASB on Exposure Draft 2013/2 ‘Novation of Derivatives and Continuation of Hedge Accounting – Proposed amendments to IAS 39 and IFRS 9’
ISDA comment letter on the IASB proposal to change ‘IAS 39’ and ‘IFRS 9’ to permit the continuation of hedge accounting where hedging instruments are novated to a central counterparty in accordance with laws or regulations introduced by jurisdictions to implement the G20's agreed reforms on over-the-counter derivatives.
ISDA novation final 21 March 2013.pdf
February 26, 2013
Letter on the interaction between the Other-Comprehensive-Income (OCI) treatment under Basel III and the proposed Fair Value Through OCI
Letter to the Basel Committee
Accounting to Basel Feb26 2013.pdf