Новости

E&Y launches defense of Lehman audit

Ernst & Young has launched a defense of its work as auditor of collapsed investment bank Lehman writing letters directly to clients, according to “Reuters”. Ernst & Young were accused of negligence in their audit of Lehman in a 2.000 page report published two weeks ago by the US bankruptcy examiner Anton Valukas.

Deutsche Bank caught on insider trading

Employees of Deutsche Bank, Exane and the “Moore Capital Management” hedge fund are under investigation in relation to one of the biggest scandals with insider trading – informs “Business Week”.

Russian banks drowning in credit risks - PwC

Russian banks will have to deal with negative consequences of the pre-crisis credit boom for several years more, and the government – to deal with problems of “over-credited” companies – thinks PricewaterhouseCoopers partner Tim Nichol.

PwC critical of corporate reporting

Most companies are failing to provide sufficient information about their activities and prospects and are putting the business at risk, according to a new report by PricewaterhouseCoopers.

Global financial centers loose their influence

New-York took the first position from London in the rating of the most influential cities of the world (drawn by Citi and Knight Frank). The information is presented in “The Wealth Report 2010” by Citi Private Bank. London is now only the second, followed by Paris, Tokyo and Los Angeles.

NBU of Ukraine to look after ratings of parent companies of insurers

The National Bank of Ukraine (NBU) will take into account ratings of parent companies of Ukrainian insurers that provide property insurance for goods, on which Central Bank’s stimulating credits are secured.

Moody’s welcomed plans of the Central Bank of Russia

The international rating agency Moody’s positively reacted on the Russian Central Bank’s plans to abandon formation of banking credit reserves on privileged terms, saying that only that may provide a real overview of asset quality and capital management.

Nominations sought for membership of the IFRS for SMEs Implementation Group

The Trustees of the International Accounting Standards Committee Foundation invite nominations of suitable candidates for membership of the SME Implementation Group (SMEIG).

FRC Chief Executive argues for an EU focus on principles and values in corporate reporting

Stephen Haddrill, Chief Executive, called on the European Commission to focus on behaviors rather than rules in a speech to the ICSA Corporate Governance Conference. He argued that comply or explain should remain a fundamental cornerstone of the EU framework.

Board for Actuarial Standards calls for comments on changes to Statutory Money Purchase Illustration rules

The BAS has today issued a call for comments on possible changes to Statutory Money Purchase Illustration rules on how calculations should be carried out for pension projections in statutory annual statements for money purchase pension schemes.