Новости

The National Bank of Ukraine won’t be able to reorganize supervised banks

The National Bank of Ukraine (NBU) may soon loose its powers to carry out reorganizations of commercial banks that it supervises as all of those authorities will be passed to the Deposit Insurance Fund.

Financial Stability Board Reports on Improving Financial Regulation

The Financial Stability Board (FSB) is publishing today two reports submitted to G20 Leaders for their Pittsburgh Summit, which cover: “Policy measures for improving financial regulation” and “Progress in implementing the London Summit recommendations for strengthening financial stability”.

Financial Stability Board Issues Implementation Standards on Compensation

The standards respond to a call by the G20 Finance Ministers and Governors for the FSB to set out for the Pittsburgh Summit detailed specific proposals on compensation governance, structure and disclosure to strengthen adherence to the FSB Principles, issued in April 2009.

G20 to control the global economy instead of G8

The Group of Twenty – leaders of 19 developed economies plus representatives of the European Union – will become the main regulatory body for the global economy. That’s what the US president Barack Obama said in conclusion to the Pittsburgh Summit.

PCAOB Issues Report on First Year of Implementation of Auditing Standard No. 5

The Public Company Accounting Oversight Board today issued a report on the first year of implementation of Auditing Standard No. 5 “An Audit of Internal Control Over Financial Reporting That Is Integrated with An Audit of Financial Statements” (AS No. 5).

New Actuarial Standard Published by the BAS

The Board for Actuarial Standards (BAS) has today issued its standard on reporting actuarial information (to be know as TAS R), which is the first of a series of new principles-based standards. The standard will take effect in April 2010.

Commission adopts legislative proposals to strengthen financial supervision in Europe

The European Commission has adopted an important package of draft legislation today to significantly strengthen the supervision of the financial sector in Europe. The aim of these enhanced cooperative arrangements is to sustainably reinforce financial stability throughout the EU; to ensure that the same basic technical rules are applied and enforced consistently; to identify risks in the system at an early stage; and to be able to act together far more effectively in emergency situations and in resolving disagreements among supervisors.

G20 in Pittsburg: third attempt to escape the recession

G20 holds its third summit in Pittsburg (USA). This one is special: unlike the first two, its leaders will now have to decide on strategies to escape the global financial crisis.

Visa and MasterCard fined for creating a cartel

Hungary’s antimonopoly regulator GVH made a decision in respect to Visa and MasterCard.

NBU warned against rapid suspension of foreign currency crediting

“The attempt to suspend all foreign currency operations while keeping foreign currency liabilities won’t give any positive shifts to the country, and will damage the banking system”.