Новости

NASDAQ to compensate losses of Facebook investors

NASDAQ may compensate losses of Facebook investors incurred as a result of the technical failure on the first day of listing. Total losses of purchasers of Facebook shares may exceed $100 million.

No IPO for MICEX-RTS sooner than 2013

Initial public offering of MICEX-RTS may possibly take place in February 2013 – this follows from documentation prepared for the next meeting of the board.

CB of Russia to review banking supervision: “professional judgment” approved as a new instrument

The Central Bank of the Russian Federation will be given a right to apply its “professional judgment” (also called “motivated judgment”) to banks where formal reasoning is not enough. The idea of it was first sounded by the CB’s deputy Sergei Ignatiev in March 2012.

FASB Plans Public Discussions on Disclosure Framework

The Financial Accounting Standards Board intends to issue a discussion paper in the next few weeks to solicit feedback on the disclosure framework it has been preparing, followed by roundtable meetings and workshops later this year to talk with financial statement preparers and users.

IAASB 2012-2014 Strategy and Work Program Sets Auditor Reporting as Top Priority and Highlights Other Relevant Audit and Assurance Initiatives

The International Auditing and Assurance Standards Board (IAASB) today released its Strategy and Work Program, 2012–2014.

EU formally adopts amendments to IAS 1 and IAS 19

The European Union has published a Commission Regulation endorsing the amendments to IAS 1 “Presentation of Financial Statements” and IAS 19 “Employee Benefits” published by the IASB on 16 June 2011.

Expected-loss model "well on the way", says IASB

The IASB and FASB are making progress towards the introduction an expected-loss model for banking assets, the chairman of the international standards setter said.

George Soros: three months left to save the Eurozone

Germany should sacrifice itself for the “ideal European Union” where all countries will be equal – not to demand creating of the “German Empire” instead of it, thinks the famous billionaire.

CB of Russia simplifies procedures to acquire credit organizations

The more transparent the company that wants to purchase a bank (or create a new one) – the easier it will be for it to acquire the Central Bank’s permission to do that. Companies with high credit ratings will require fewer documents for the CB to judge upon their financial stability.

Merkel supports the idea of supervision over largest banks in the EU

Germany’s Chancellor Angela Merkel supports the idea of creation of the European banking union in the medium-term perspective. Her announcement came on the eve of the official meeting with the European Commission’s president Jose Manuel Barroso.