Новости

“Financial leverage” will reveal Russian banks to the rest of the world

Starting from the beginning of 2011 safety margin of Russian banks – which is the ratio of shareholders capital to debt – will be estimated by the Central Bank with application of the so-called “leverage ratio”, which is something new for Russian practice, but is quite common in the rest of the world.

SEC is ready to pay millions to whistleblowers for information on Wall-Street banks

The US Securities and Exchange Commission (SEC) proposed a new reward system for whistleblowing against banks from Wall-Street – informs BFM.RU with a reference to The Financial Times.

PCAOB fields rising number of whistleblower tips

Audit firms that engage in shady accounting practices or financial fraud face a growing risk of being turned in – by their own staff accountants and by the internal auditors of their public company clients.

Proposals for EU-wide taxes opposed

Stiff resistance has greeted European Union proposals, set to be tabled next month, pushing for a raft of EU-wide taxes.

Business supervision in Russia: general overview

The Ministry for Economic Development turned its attention to the control and supervision aspect of Russian officials’ enforcements activity. Their authority powers are almost unlimited: 78 different regulatory bodies together have more than 700 different powers. Their desire to check business structures sometimes goes far beyond any logical reasoning.

Wall-Street bankers getting ready to loose profits and fire their traders

American bankers are getting ready for a sharp decline in profits – informs Financial Times. General uncertainty in the current economic conditions and worries related to the state debt level in European countries led to a much lower activity on financial markets in July.

Japanese regulator proposes wider IFRS reporting, approves IASB amendments

The Financial Services Agency (FSA) of Japan has proposed to extend IFRS reporting in Japan to optionally include consolidated financial statements of non-public subsidiaries of domestic IFRS issuers.

Canada proposes delay in adoption of IFRSs by investment companies

As part of its project on consolidated financial statements, the International Accounting Standards Board (IASB) has announced it will propose, subject to comments received on exposure, that investment companies should be exempted from consolidation and should account for controlling interests in other entities at fair value.

PCAOB issuers release on failure to supervise

The Public Company Accounting Oversight Board today issued a Release discussing the provision of the Sarbanes-Oxley Act of 2002 that authorizes the PCAOB to impose sanctions on registered public accounting firms and their supervisory personnel for failing to reasonably supervise associated persons.

Russia`s government simplifies SPO procedures on its national markets

The government of Russia has agreed to simplify procedures to issue additional shares on its national markets: additional issues of already traded shares will be freed from registration.