Новости

Milovidov leaves creation of a central depository to his successor

Yesterday Russia’s finance minister Alexei Kudrin announced that creation of a central depository remained a number one task. Many parties still have many arguments around this project.

Business invited to participate in fighting tax evasion schemes

On April 12 the Chamber of Commerce and Industry of the Russian Federation announced its decision to hold an all-Russia tender of law projects to fight with illegal tax evasion practices.

IMF advised Russia to watch closely over systemic banks

The International Monetary Fund recommends Russia to exercise more thorough control over systemic banks, which possibly includes permanent presences of regulators in supervisory boards. On that Dimitri Demekas, deputy chairman of the IMF’s monetary and capital markets department, informed today.

Publication of joint study on the feasibility of mandating algorithmic descriptions for derivatives

Today, the Securities and Exchange Commission and Commodity Futures Trading Commission (collectively “Commissions”) delivered to Congress a joint staff study on the “the feasibility of requiring the derivatives industry to adopt standardized computer-readable algorithmic descriptions which may be used to describe complex and standardized financial derivatives”.

IAESB welcomes completion of research intended to inform its standard-setting agenda

The International Accounting Education Standards Board (IAESB) is pleased to announce the completion of four International Association for Accounting and Education Research (IAAER)/Association of Chartered Certified Accountants (ACCA) research projects, which will inform its standard-setting agenda in the area of professional accountancy education.

Canadian securities regulators adopt updated mining disclosure rule

The Canadian Securities Administrators (CSA) have published a new version of National Instrument 43-101 “Standards of Disclosure for Mineral Projects”, its related form and policy.

Auditors not punished in Russia even for knowingly false reports

The very first attempt to expel an auditor from the profession for knowingly false auditor report proved virtually impossible. Despite the fact that it was actually proved by three different courts in case of the audit company “Acont”, it managed to keep its status and was even able to evade any other sanctions by voluntarily leaving the self-regulatory organization.

Euronext declines the latest merger proposal

The board of director of Euronext decided to decline the latest proposal on the merger with NASDAQ OMX and the Intercontinental Exchange (ICE).

European lessors welcome call for IASB/FASB to use G-20 timeline

Leaseurope has welcomed the call from the IFRS Foundation Monitoring Board for the IASB/FASB to use G-20 timeline for convergence projects, including the new global lease accounting standard.

Accounting chief wants higher bank capital ratios

New bank capital rules should be about 30 percent higher than agreed, to prevent a repeat of the last financial crisis, the incoming head of the world’s biggest accounting standard setter said on Sunday. The Basel III bank capital rules will force banks to more than triple the amount of top quality capital they must hold to 7 percent by 2018 to withstand shocks without resorting to state aid.