Новости

SEC proposes rules on security-based swap reporting

The Securities and Exchange Commission today voted unanimously to propose new rules entailing how security-based swap transactions should be reported and publicly disseminated.

Lords want return to 80s-style banking regulation

The House of Lords Economic Affairs Committee wants to reinstate the once cosy relationship between auditors and bank regulators which existed 20 years ago, in a move which is likely to become a key recommendation of its wide-ranging inquiry into the audit industry.

Russia may introduce electronic tax filing

The Ministry of Finance and the Federal Tax Service will soon present their proposals on how to improve VAT (value added tax) administration, said Russia’s vice prime minister and the minister of finance Alexei Kudrin during the tax conference in Moscow. “Together with FTS we’re soon going to present our suggestions on improvement of VAT administration”, - he said.

Russian banks will be obliged to disclose all information on restructured loans

This week the Central Bank of Russia published a new order which increases the volume of financial information to be disclosed by banks in their annual accounts.

New Internal Revenue Code of Ukraine will raise prices by almost 40%

After the new edition of the Internal Revenue Code comes into force in Ukraine (which is 1 January 2011), it is possible that small and medium businesses will raise prices for their goods by 35-38%.

“Friendly takeover” possible for RTS

The Bank of Russia’s first deputy chairman Alexei Ulyukaev informed on readiness of shareholders of RTS (Russian Trading System Stock Exchange) to discuss the proposal from MICEX (Moscow Interbank Currency Exchange) on “friendly takeover”.

Financial Accounting Foundation Announces Post-Implementation Review Process

The Board of Trustees of the Financial Accounting Foundation (FAF), the oversight body of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB), announced a new process for conducting post-implementation reviews of financial accounting and reporting standards issued by the FASB and the GASB.

FRC highlights latest issues for Audit Committees and users of actuarial information

The Financial Reporting Council (FRC), the United Kingdom’s independent regulator responsible for promoting high quality corporate governance and reporting to foster investment, has published two documents highlighting the latest challenges being faced by audit committees and users of actuarial information.

Government support for small businesses will become more effective

The State Duma of Russia has approved a new law on amendments to the Internal Revenue Code of Russia. The law project is aimed at better effectiveness of government programs to support small and medium entrepreneurship and improvement of taxation of their activities carried out on allotted funds.

Ukraine’s Cabinet of Ministers will discuss a project to support SMEs

The Cabinet of Ministers of Ukraine will discuss a law project aimed at support for small and medium entities – this was today announced by the country’s prime minister Nikolai Azarov.