Новости

FSA replacements are not accountable enough

The British Bankers Association (BBA) said scrapping the Financial Services Authority (FSA) would place too much power in the hands of a small, unelected and unaccountable group.

GM plans an IPO

The company with a 60% possession by the government applied to the Securities and Exchange Commission for the initial public offering procedure.

Ukrainian banking legislation to be amended in favor of borrowers

The government and the National Bank of Ukraine plan to amend the law on protection of creditors’ rights, but in favor of the opposite party.

Russian deputies want to know everything

It is possible that deputies in Russia will be given an instrument to check business. The idea came from the State Duma’s deputy from the communist party Boris Kashin.

Staff draft of a forthcoming IFRS on fair value measurement

On 19 August 2010 the IASB posted to its website a staff draft of a forthcoming IFRS on fair value measurement that reflects the tentative decisions made to date by the IASB and the US Financial Accounting Standards Board (FASB).

Notice to Recipients of This Staff Draft of an Accounting Standards Update on Financial Services - Insurance (Topic 944)

The objective of this Update is to address diversity in practice regarding the interpretation of which costs relating to the acquisition of new or renewal insurance contracts qualify for deferral. The current definition of acquisition costs in the Master Glossary of the FASB Accounting Standards CodificationTM is “costs that vary with and are primarily related to the acquisition of insurance contracts”.

Proposed Accounting Standards Update - Plan Accounting - Defined Contribution Pension Plans (Topic 962)

Participant loans are currently classified as an investment in accordance with the defined contribution pension plan guidance in paragraph 962-325-45-10. Subtopic 962-325 requires most investments held by a plan, including participant loans, to be presented at fair value. Topic 820, Fair Value Measurements and Disclosures, provides specific guidance on how fair value should be measured.

FFMS won’t delist companies with losses for 2008-2009

The Federal Financial Markets Service (FFMS) decided not to delist companies (whose shares are traded in the highest A1 and A2 quotation lists) if they got losses during the crisis (2008-2009).

Barclays sanctions charges settlement challenged

Barclays’s plea bargain over US criminal charges of flouting international sanctions by doing clandestine business with Iran, Cuba, Libya, Sudan and Burma has been thrown into doubt following comments by the judge in the case.

IASB details recruitment process for Tweedie replacement

The International Accounting Standards Board (IASB) has outlined the steps taken so far to replace its high profile chairman, in response to European concerns it was not being transparent.