Новости

SEC and CFTC Seek Public Input for Joint Stable Value Contract Study

The Securities and Exchange Commission and the Commodity Futures Trading Commission (CFTC) have approved for publication in the Federal Register a request for public comment that is expected to assist in conducting a joint study on stable value contracts.

Merkel opposes use of Eurobonds against today’s crisis

German Chancellor Angela Merkel spoke against introduction of Eurobonds, although she doesn’t exclude the possibility for that in the future, informs Deutsche Welle. According to her, introduction of all-European bonds today isn’t right, and it is impossible to use them against today’s debt crisis.

Securitization of mortgages will be simplified in Russia

Draft amendments to the law “On mortgage securities” were introduced to the Russia’s government. Those are aimed to improve the securitization mechanism for mortgage assets.

Institutes attack US mandatory rotation plan

US audit watchdog the PCAOB has broached the idea of mandatory firm rotation, but UK institutes are not impressed.

SEC Accused of Destroying Case Documents

The Securities and Exchange Commission has been asked to respond to allegations that it destroyed documents relating to thousands of investigations.

IFRS Taxonomy updated for financial statement presentation and employee benefits

The IFRS Foundation today published the International Financial Reporting Standards (IFRS) Taxonomy 2011 interim release for “Presentation of Items of Other Comprehensive Income” (Amendments to IAS 1) and IAS 19 “Employee Benefits”, which were issued by the IASB in June 2011.

S&P non grata: LA has no need in their services any longer

Government authorities in Los Angeles decided to dismiss any further professional services provided by the international rating agency Standard & Poor’s. According to the city's authorities, they don't trust the agency's competence any longer.

FFMS certificates may be cancelled in Russia because of corruption

Deputy financial minister of Russia Alexei Savatugin thinks that certificates issued by the Federal Financial Markets Services are not needed, among other things – because of the corruption problem associated with their acquisition. Market participants don’t see the current certification system as ideal either, but they think that in one way or another it is needed.

Canadian banks question regulatory reform in light of IFRS transition

The Canadian Bankers Association (CBA) has linked difficulties in implementing regulatory reform to Canada's transition to IFRSs.

Questionnaire for Users of General Purpose Financial Statements – Initial Accounting for Intangible Assets Acquired in Business Combinations

Following a recent AASB staff research questionnaire for preparers, advisors, auditors and regulators on the initial accounting for intangible assets acquired in business combinations under IFRS 3 “Business Combinations” and IAS 38 “Intangible Assets” (or similar GAAP), a separate, but related, survey for users of financial statements was issued as well.