Новости

MICEX struggles with “excessively active” trade bots

Yesterday the Moscow Interbank Currency Exchange (MICEX) announced that starting from 27 June it would start to block excessively active trade bots because actions taken by automated systems sometimes impose threat to normal course of trading. Sounds good, but the danger here is that this initiative may isolate not only automated systems, but ordinary traders as well.

Minfin ready to mandate IFRSs for companies in Russia

This year’s fall the finance ministry together with the Central Bank and the Federal Financial Markets Service plan to approve standards for presentations of financial information to investors under “adopted” IFRS.

PCAOB adopts interim inspection program for broker-dealer audits and broker and dealer funding rules

The Public Company Accounting Oversight Board today adopted certain rules to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act related to audits of securities brokers and dealers.

Financial Accounting Standards Board Launches New Taxonomy Online Review and Comment System

The Taxonomy Online Review and Comment System allows Taxonomy users to review and provide direct input on the Development Taxonomy being updated and maintained by the FASB XBRL team.

Translations of IASB Publications and Technical Summaries

The IFRS Foundation has announced new and forthcoming translations of IASB publications.

List of IMF candidates shortened to only two persons

The International Monetary Fund’s executive council will discuss two candidates for the position of the IMF’s director – it will be either Christine Lagarde (French minister of the economy) or Agustin Carstens (head of the Central Bank of Mexico).

Government consults on the terms of the new 2013 regime

The Government is to introduce a new, 10%, tax regime for income from patents which will begin in April 2013. On 10 June a consultation document Consultation on the patent box was published setting out the broad outline of the new scheme for which draft clauses will be published for further consultation later in the year with a view to legislation being included in Finance Act 2012.

SEC Announces Steps to Address One-Year Effective Date of Title VII of Dodd-Frank Act

The Securities and Exchange Commission today said it is taking a series of actions in the coming weeks to clarify the requirements that will apply to security-based swap transactions as of July 16 – the effective date of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act – and to provide appropriate temporary relief.

Standard & Poor’s downgrades Greece’s credit rating

The international credit rating agency Standard & Poor’s downgraded Greece’s long-term rating by three grades from “B” to “CCC”.

Goldman Sachs fined again

Goldman Sachs will pay a fine equal to 10 million dollars for giving preferences to its best clients.