Новости

Foreign investors scared of Russia’s corruption and politicians

It is generally becoming easier to do business in Russia, but foreign investors are still too scared of it legislation, corruption and officials. This was showed by the latest PwC’s report “Doing business and investing in the Russian Federation 2010”.

ASB proposes Amendments to SSAP 25, FRS 8 and FRS 29 - Improvements to Financial Reporting Standards 2010

The Accounting Standards Board (ASB) published a Financial Reporting Exposure Draft (FRED) proposing amendments to SSAP 25 “Segmental Reporting”, to FRS 8 “Related Party Disclosures” and to FRS 29 (IFRS 7) “Financial Instruments: Disclosures”.

FASB’s New Financial Instruments Proposal Requires Fair Value Accounting for All Loans

FASB recently unveiled its much anticipated proposal on financial instruments and it requires most financial instruments, including loans, to be measured on the balance sheet at fair value.

ACCA calls on G20 to drive reform of the global financial agenda

As the Group of Twenty nations (G20) prepares to meet in Toronto next month, ACCA (the Association of Chartered Certified Accountants) has put forward its key recommendations for global policy-makers.

Wall-Street players play by new rules starting from today

The Securities and Exchange Commission today introduces new rules for trading that should act as insurance against rapid price fluctuations.

France to assist Germany with its struggle against short selling

France supports Germany with its intention to restrict “bearish” behavior: it also wants to prohibit short selling of shares and CDSs on bonds of European countries.

Ukrainian bankers asking for multiple foreign currency exchange rates

The association of bankers “Ukrainian Credit and Banking Union” (UCBU) has asked the National Bank of Ukraine to cancel not so long ago imposed limitations on setting foreign currency exchange rates.

SUEK becomes the first Russian company to issue DRs under new requirements for foreign listing

Siberian Coal Energy Company (SUEK) became the first company in Russia to issue depository receipts under new requirements of the Federal Financial Markets Service (FFMS) for foreign listing. The FFMS registered additional share issue yesterday. The body also issued its permission for placement and trade of 25% of all issued shares abroad.

EFRAG Compatibility Analysis: IFRS for SMEs and the EU Accounting Directives

It should be emphasized that the conclusions of the analysis are to be understood in the context of the limitations described in the Letter and that the Working Paper is an integral part of the analysis.

FRC publishes its Fifth Progress Report on the Implementation of the MPG Recommendations on promoting Choice in the UK Audit Market

The Financial Reporting Council has today published its Fifth Progress Report on the implementation of the Recommendations of the Market Participants Group (MPG) and other relevant developments.