Новости

London is still the main financial center of the world

London is the main global financial center. This follows from the report by British analytical company Z/Yen. The capital of Great Britain earned 775 pts. from 1000 possible. New Your (769 pts) and Hong Kong (759 pts.) are on the second and the third place, respectively.

Russian antimonopoly services define rules for oil companies

The Federal Antimonopoly Service of Russia (FAS) proposed tighter rules for oil trading and price setting mechanisms. The law project was sent to the Ministry of Energy, the Ministry for Economic Development and the Federal Financial Markets Service. Those documents will be presented for the government’s consideration upon agreement by the ministries.

Updated IFAC Sustainability Framework Supports Professional Accountants in Achieving Sustainable Value Creation

The Framework highlights the important roles that professional accountants play in facilitating the sustainable development of their organizations, as well as the importance of adopting an integrated approach to business reporting.

Milliman’s reserve variability model helps insurer understand the impact of accounting changes proposed in the International Accounting Standards Board exposure draft

Milliman, Inc., a premier global consulting and actuarial firm, today announced completion of a project with the Allstate Corporation (Allstate). Allstate participated in the International Accounting Standards Board’s (IASB) field testing project related to the exposure draft entitled “Insurance Contracts”.

APB issues a revision of SIR 2000 “Investment Reporting Standards Applicable to Public Reporting Engagements on Historical Financial Information”

The Auditing Practices Board (APB) of the Financial Reporting Council (FRC) today issues a revision of Standards for Investment Reporting (SIR) 2000 “Investment Reporting Standards Applicable to Public Reporting Engagements on Historical Financial Information”.

New stabilization fund will be created in Europe

EU’s finance ministers agreed to create a new European stabilization fund – on that informed Luxemburg’s prime-minister Jean-Claude Juncker. “We agreed on all aspects of the European Stability Mechanism”, - he said.

Medvedev allows easier migration for qualified workforce from abroad

The law aims to improve migration legislation in Russia where it deals with procedures for non-residents coming to Russia for a work, and among other things – registration of highly qualified specialists and their family members.

IASB and EFRAG review progress towards completion of major convergence projects

The International Accounting Standards Board (IASB) and the European Financial Reporting Advisory Group (EFRAG) met on 18 March 2011 to review the IASB’s current work. EFRAG is the private sector body responsible for stimulating debate in Europe around the evolution of International Financial Reporting Standards (IFRSs) and providing input to the work of the IASB, after appropriate due process, on behalf of Europe.

Minfin against carbon taxes

By the end of March the Ministry of Natural Resources of the Russian Federation is supposed to present its document “On basic of ecological policy of Russia until 2030” to the government. In general, this document implies certain measures related to modernization of environmental protection through taxation, budgetary and other policies.

Names of American banks which received financial support will be made public after all

The list of banks which received the US government’s support during the crisis will be disclosed eventually. Yesterday the New York Court of Appeals dismissed appeal of the association of American banks which was trying to block disclosure of this data.