Новости

FRC Chief Executive Argues Against Changing the Fundamental Purpose of Accounting

Paul Boyle, Chief Executive, argued in a speech to the FRC Annual Open Meeting against proposals to use accounting as a public policy tool to reduce pro-cyclicality and challenged the proposition that accounting measures that show volatility should be adjusted to create an impression of stability.

SEC Votes to Propose Rules Enhancing Municipal Securities Disclosure

The proposed amendments to SEC Rule 15c2-12 would help investors make more knowledgeable investment decisions, effectively manage and monitor their investments, and avoid fraud. The proposed amendments also would assist broker-dealers in carrying out their responsibilities under the securities laws.

IFA reorganizes qualification programs

In full accordance with requirements of the International Federation of Accountants (IFAC) the Institute of Financial Analysts (IFA) is witching to new qualification programs.

There won’t be any “bank secrecy” soon - PwC

Experts from PricewaterhouseCoopers think that in the nearest future, it will be a normal to abandon bank secrecy. Apart from that, many acquisitions within particular segments of the banking industry are highly expected.

Commission proposes further revision of banking regulation to strengthen rules on bank capital and on remuneration in the banking sector

The European Commission has put forward a further revision of EU rules on capital requirements for banks that is designed to tighten up the way in which banks assess the risks connected with their trading book; impose higher capital requirements for re-securitisations; increase market confidence through stronger disclosure requirements for securitisation exposures; and require banks to have sound remuneration practices that do not encourage or reward excessive risk-taking.

International Ethics Standards Board for Accountants Releases New Code

The International Ethics Standards Board for Accountants (IESBA) has issued a revised “Code of Ethics for Professional Accountants” (the Code), clarifying requirements for all professional accountants and significantly strengthening the independence requirements of auditors. The revised Code has been released following the consideration and approval by the Public Interest Oversight Board (PIOB) of due process and extensive public interest consultation.

The “second wave” will affect only banks, but not others – “Troika Dialog” chairman

The “second wave” of the financial crisis in Russia, “bad debts” – driven and bound to lower the banking system’s capital, is unavoidable. Thankfully, it won’t hit the economy and citizens – thinks Pavel Teplukhin, chairman of “Troika Dialog”. He says that the “wave” will only hit bankers and other people in that business, but won’t spread on anyone else.

Bookmakers in Russia being put under tougher control

This week the State Duma of Russia acquired a new project of legislation for bookmakers which should put this business segment under tougher supervision.  Experts warn that terms like that may potentially drive many entities completely out of business.

IASB proposes improvements to financial instruments accounting

The International Accounting Standards Board (IASB) today published for public comment an exposure draft of proposals to improve financial instrument accounting.

EC appoints Deloitte to Solvency II

Deloitte has been selected to provide advice to the European Commission in its development of the Solvency II assessment.