Новости

The World Bank insists on additional diagnosis of Ukraine’s banking system

The World Bank insists there should be another stage of ukrainian banking system’s diagnosis - informs “RBC-Ukraine” with a reference to Martin Reiser, the World Bank Regional Director for Moldova, Belarus and Ukraine.

Russian accountants discussed most urgent problems at the Kremlin Palace of Congresses

The meeting took place on December 1-2 at the Kremlin Palace of Congresses, with a clearly distinctive political taste, as among the ones presented there were many VIPs from the State Duma of Russia, the Ministry of Finance, professional associations and unions.

Russian companies’ managers will have to answer for their mistakes

Actions taken by supervisory boards’ members and other companies’ managers while making business decisions should well correspond to criteria of rationality and integrity. The corresponding criteria are stipulated in the law project which was prepared by the Federal Financial Markets Service (FFMS).

EU official attacks IASB governance

A top EU official has attacked the international accounting standard setter suggesting its governance needs a complete overhaul. Reuters reports that Eddy Wymeersch, chairman of the European Securities Regulators (CESR), questioned whether there was enough accountability at the IASB.

ASB issues Improvements to Financial Reporting Standards 2009

The Accounting Standards Board (ASB) has today issued; Financial Reporting Standard (FRS); “Improvements to Financial Reporting Standards 2009” so as to maintain the existing levels of convergence between UK and International Financial Reporting Standards.

SEC under fire

The continuous struggle for fair behavior of financial institutions in the US has reached supervisory authorities themselves: the Security and Exchange Commission’s inside inspection committee is initiating investigation of the regulator’s operations.

The National Bank of Ukraine will look after “regulatory capital adequacy”

The National Bank of Ukraine promised to impose temporary managers to those banks that fail to keep their regulatory capital adequacy above 7%.

Minfin proposed to tax owners of offshore companies

Following recommendationы of Russia’s President Dmitry Medvedev, the Ministry of Finance of the Russian Federation proposed to control owners of foreign companies to which dividends, interest and royalty are paid out of Russia. In case those are non-residential owners, then they will be forced to pay taxes at Russia’s tax rates.

FRC launches proposed reforms to the UK Corporate Governance Code

The FRC has today launched a consultation on its proposals to reform the UK’s Corporate Governance Code (formerly the Combined Code). The Code has been revised regularly to ensure it reflects changing governance concerns and practices and economic circumstances. The latest proposals take into account those lessons of the recent financial crisis that are relevant to all companies.

Russian MICEX competes with RTS even in Ukraine

Two Russia’s largest bourses – the Moscow Interbank Currency Exchange (MICEX) and Russia Trading Systems (RTS) – struggle with each other even abroad. Ukrainian bourse (PFTS) doesn’t exclude the possibility to sell its part to MICEX after RTS (which already opened its trade ground in Kiev and became the first in respect to turnover volumes). Its main competitor (MICEX) doesn’t  want to fall behind, but still fails to come to an agreement with ukrainian right holders.