International Accounting Standards Board (IASB)
Mark to market needs refining, not scrapping - SEC
Christopher Cox, chairman of the US Securities and Exchange Commission (SEC), backed fair-value accounting in a speech to the American Institute of Certified Public Accountants last week, but said some aspects, particularly rules on impairment, needed…
The blame game
Accounting
Reality bites
Sponsored Statement
Raising the standard
The German insurance industry is actively pushing forward the discussion on the standard model within the scope of Solvency II
Philippine Central Bank issues IAS 39 guidelines
The Philippine central bank, Bangko Sentral ng Philipinas (BSP), has issued guidelines for the adoption of financial reporting standards set by the International Accounting Standards (IAS) Board, including IAS 39 which deals with derivatives.
Living with recognition
Under new accounting rules implemented this year, the majority of Europe's asset-backed securities transactions will now have to be recognised on balance sheet. Will this lead to a drop in securitisation volumes? Duncan Wood reports
JP Morgan hires accounting specialist
JP Morgan, the US-based investment bank, has hired Suzanne Lloyd as a vice-president in the firm’s equity derivatives division.
The importance of ALM
The crossfire between the International Accounting Standards Board and the European Commission seems to have left corporates bewildered about the implications of IAS 39. Risk talks to leading advisory groups and corporates about the challenges ahead, and…
Accounting standards: Causing waves
The scheduled adoption of IAS 39 may not be causing the same waves in Asia as it is in Europe, but corporate treasurers in Australia, Hong Kong and Singapore are eyeing the 1 January deadline with increasing nervousness.
Credit derivatives professionals slam IAS
Financial market participants have slammed International Accounting Standard 39 (IAS 39) for financial hedge instruments, according to a British Bankers’ Association (BBA) credit derivatives survey.
Compliance: The Shot Heard 'Round the World
Regulatory compliance means different things in Europe and the States. Waters looks at who's ahead and how culture helps define the solutions.
IAS39 amended to allow for macro hedging
Controversial International Accounting Standards Board (IASB) proposals for the marking-to-market of derivatives, known as IAS39, are to be amended to allow for 'macro hedging'.
IAS39 amended to allow for macro hedging
Controversial International Accounting Standards Board (IASB) proposals for the marking-to-market of derivatives, known as IAS39, are to be amended to allow for ‘macro hedging’.
IASB to create advisory group
The International Accounting Standards Board (IASB) is investigating the establishment of an advisory forum, following comments from euro official Frits Bolkestein last month that standards for the treatment of derivatives are still unsuitable for…
IASB to create advisory group
The International Accounting Standards Board (IASB) is investigating the establishment of an advisory forum, following comments from euro official Frits Bolkestein last month that standards for the treatment of derivatives are still unsuitable for…
IAS 39 still unacceptable, says European official
Frits Bolkestein, European commissioner for the internal market, taxation and customs union, said last week that standards for the treatment of derivatives are still not suitable for adoption, despite recent concessions by the International Accounting…
IAS 39 still unacceptable, says European official
Frits Bolkestein, European commissioner for the internal market, taxation and customs union, said last week that standards for the treatment of derivatives are still not suitable for adoption, despite recent concessions by the International Accounting…
Banks expenditure on Basel II compliance to hit $2 billion by 2005, says Datamonitor
Datamonitor, a London-based international business information company, estimates that European banks will spend up to $2 billion as they struggle to address onerous Basel II requirements.
IASB issues revised standards for financial instruments
The International Accounting Standards Board (IASB) has issued revised versions of two standards, IAS 32 and IAS 39, which deal with the use of financial instruments.
IASB issues revised standards for financial instruments
The International Accounting Standards Board (IASB) has issued revised versions of two standards, IAS 32 and IAS 39, which deal with the use of financial instruments.
Running late
Oil
Basel Committee publishes paper on bank compliance functions
The Basel Committee on Banking Supervision published a consultation paper yesterday outlining basic guidance for banks on the structure and operation of their compliance function, and "sets out banking supervisors' views on compliance in banking…