Новости

Ukraine’s bankers against changes in mortgage legislation

Bankers from the association “Ukrainian Credit and Banking Union” (UCBU) informed that they had sent a letter to the Verkhovna Rada and the National Bank of Ukraine, demanding to prevent approval of the amendments as they are a real threat to stability of the country’s economy and financial system.

FFMS displeased with the way banks meet its requirements

Many Russian banks now risk loosing their licenses of professional market participants as they do not meet the anti-money laundering requirements by the financial markets’ main regulator – the Federal Financial Markets Service (FFMS).

Accounting bodies oppose EC exemption

Two global accounting bodies have united in their calls against allowing micro-entities to be exempt from filing accounts in European member states.

IASB urged to take its time as hedge talks falter

Hedge accounting, the third and final piece of the controversial fair value standard, has stumbled at its first hurdle. A joint meeting of US and International standard setters failed to decide on the objective of hedge accounting when they met in early February.

Accounting Boards Refine Fair Value Standards

The Financial Accounting Standards Board and the International Accounting Standards Board reached some tentative decisions on how to revise fair value accounting standards during a joint meeting this week.

Americans lost belief in their investment capacities

Only 20% of Americans believe in their ability to invest into financial markets. At the same time, 60% of surveyed respondents still threat shares as an important part of their investment portfolios – shows the research by AXA Equitable Life Insurance Company.

Russia plans to introduce financial disciplinary courts

It is possible that first specialized financial courts will soon come to Russia. Those will settle disputes between financial companies. There were ideas to create such institutes before, but neither of the attempts succeeded.

New developments ahead for XBRL standard

The electronic business reporting consortium XBRL International Inc (XII) is seeking feedback on new proposals to develop the XBRL standard over the next five to 10 years.

Policy Proposal: The Future of UK GAAP

The Accounting Standards Board (ASB) of the FRC has received in excess of 150 high quality responses to its policy proposal: “The Future of UK GAAP”. The responses have been posted on its website.

Government should not save large financial institutions engaged into speculations – Paul Volcker

The government should not save large financial institutions engaged into speculations for the sake of high profits – advised Paul Volcker, former chief of the US Federal Reserve and the current chairman of the Economic Recovery Advisory Board under President Barack Obama.