ISDA Comments on Proposals Issued by the IASB and FASB
ISDA has commented on the IASB and FASB proposals on US GAAP and IFRS models regarding offsetting of assets and liabilities in the balance sheet. ISDA believes that the' proposal to report derivatives on a gross basis rather than a net basis on the balance sheet is counterintuitive, may lead to complexity in practice and can obscure the real position of the entity.
Date
January 31, 2011
Cross References
IFRS