Новости

BAS issues new Data Standard

The Board for Actuarial Standards (BAS) has today issued its technical actuarial standard on data (to be known as TAS D), which continues its series of new outcome-focused standards. The standard will take effect in July 2010.

Ukraine’s banks need to raise their capital

The need for additional capitalization of the banking system is in direct relation with the volume of additional reserves for credit risks. Quality of banking credit portfolios may worsen during the course of the ongoing crisis, which means that more capital will be needed.

The amendments to the law on trade were supposed to support Russian companies

Yesterday the State Duma acquired a new version of the law on trade. The amendments that were added to the law project have already been harshly criticized by market participants.

ASB proposes Amendment to FRS 25 - Classification of Rights Issues

The Accounting Standards Board (ASB) has today published a Financial Reporting Exposure Draft (FRED) proposing an amendment to FRS 25 (IAS 32) “Financial Instruments: Presentation”. The proposed amendment requires a rights issue involving the exchange of a fixed number of an entity’s own equity instruments for a fixed amount of cash denominated in a foreign currency to be classified as an equity instrument.

IFRS 9 endorsement advice postponed

It has been decided that more time should be taken to consider the output from the IASB project to improve accounting for financial instruments.

Canadian public sector entities will use IFRSs

The Canadian Public Sector Accounting Board will require that government business enterprises follow international standards.

US financial regulators discussed banking sector reforms

American financial regulators suggested that the county’s economy was still vulnerable, so one should wait a bit with the strategy to exist the financial crisis. Besides, they are still eager to liquidate larger company, if needed.

Ukraine ranked 146th in Transparency International’s Corruption Perceptions Index (CPI)

“Transparency International” is a global non-governmental organization fighting corruption. Its latest Corruption Perceptions Index (CPI) ranked Ukraine 146th, the same as Russia’s position. This is very low and puts the country together with countries like Cameroon, Ecuador, Kenya, Sierra-Leone, East Timor, and Zimbabwe.

Back to traditions

Starting from February 2010, it will be much harder for banks to borrow from the CB. The regulator raised minimal requirements for ratings of credits organizations (drawn by Russian CRAs - “Expert RA”, “RusRating” and other), with which they may apply to the Bank of Russia for unsecured credits.

FASB Adds New Fair Value Disclosures

FASB discussed the 111 comment letters it had received on a proposed Accounting Standards Update, “Fair Value Measurements and Disclosures (Topic 820): Improving Disclosures about Fair Value Measurements”, at its meeting Wednesday and directed staff members to draft a final Accounting Standards Update for a vote by written ballot.