Новости

Long struggle almost over

The continuous struggle between MICEX and RTS for influence over the Depository Clearing Company (DCC) is slowly coming to an end. The National Depository Center (part of the MICEX group) that controls 37% of DCC proposed RTS to consider the question to purchase its share.

CB of Russia will hold control over largest banks forever

The Bank of Russia plans to take supervision over largest banks to a new level. Special control regime for Top-10 banks that was introduced for the period of the financial crisis will be forever, even after it is over. The corresponding amendments to the law “On the Central Bank” are being prepared at the moment.

E-learning is getting more preferred by finance professionals now, says ACCA

Social and economic trends have influenced dramatically the training requirements of the global finance profession, according to a new report by ACCA (the Association of Chartered Certified Accountants).

France tightens grip on EU finances

France has secured control of the key European Commission internal market portfolio for the next five years, according to the new team unveiled today by the Commission’s president Jose Manuel Barroso.

Notes from Tokyo fair value roundtable

On 27 November 2009, the IASB held a roundtable at the ASBJ offices in Tokyo, Japan, to discuss its Fair Value Measurements exposure draft (ED).

Largest banks under global supervision

30 largest financial institutions were added to the list of banks and companies under international supervision.

NBU toughens formation of foreign currency reserves

The National Bank of Ukraine won’t abandon the prohibition to form foreign currency reserves for credit risks.

New Deloitte Guide to IFRS 1

Deloitte’s IFRS Global Office has published a revised Guide to IFRS 1 “First-time Adoption of International Financial Reporting Standards”. The guide was first published in 2004 with the aim of providing first-time adopters with helpful insights for the application of IFRS 1.

FRC welcomes The Walker Report

The Financial Reporting Council welcomes Sir David Walker’s report on the governance of banks and other financial institutions which was published earlier today.

Sadly, the investment climate in Ukraine hasn’t improved in 2009 - EBA

President of European Business Association Trond Moe stated in his interview that the investment climate of Ukraine hadn’t improved in 2009. Reforms of the current legislation are going too slow, VAT recovery is a still a big question, but what is even more difficult for foreigners here is the high level of corruption and the legal system.