Новости

SEC doesn’t want to let Broco Investments go

US court again refused to left the freeze on Broco Investments’ account for half a million dollars. To remind you, all operations on that account were blocked earlier this year upon Securities and Exchange Commission’s request.

Financial Reporting Council Publishes its Annual Report for 2009/10 and Plan and Budget for 2010/11

The Financial Reporting Council (FRC) today publishes its Annual Report for 2009/10, which shows how, in partnership with its stakeholders, the FRC has responded proactively to the financial crisis.

PwC plans to accelerate Lehman payouts

Joint administrators from PricewaterhouseCoopers have announced innovative plans to speed up the process for determining unsecured creditor claims in the Lehman Brothers International (Europe) (LBIE) administration.

Tweedie’s third way could help bridge the rules gap

The bridge between US and international fair value rules may lie in a third proposal, which could offer account users a convenient means to reconcile the two divergent accounting standards. The International Accounting Standards Board (IASB) and its US counterpart the Financial Accounting Standards Board (FASB) have taken differing approaches to classification and measurement of bank assets; an issue at the centre of accounting issues highlighted by the crisis.

Bank of England will become the main financial regulator in the UK

UK Chancellor of the Exchequer George Osborne informed that the Bank of England, currently acting as the country’s Central Bank, would be given exclusive powers to control the whole financial sector.

Russian insurers to be controlled tougher

This week Russia’ government introduced amendments to the law on insurance business in Russia. If approved by the State Duma, they will increase capital requirements, so that insurers will more thoroughly look after their financial condition.

Russian bankers proposed a financial ombudsman for Russia

The Association of Regional Banks (ARB) proposed to introduce a new institute in Russia – the one of financial ombudsman to investigate private complaints of banks’ clients (below 100 thousand rubles).

Mixed Measurement Model Could Trump Fair Value

PricewaterhouseCoopers has surveyed a group of investors and analysts to gauge their attitudes toward the different approaches taken by the accounting standards boards to account for financial instruments, including loans.

Watchdog opens investigation of E&Y over Lehman

Ernst & Young faces fresh scrutiny into its audit of Lehman Brothers after the UK’s accounting watchdog announced it would investigate the alleged use of accounting gimmicks by the collapsed US bank.

Ukraine considered attractive for foreign investors

Ukraine occupied 17th position among 43 European countries in respect to quantity of successful investment projects.