Goodwill accounting changes welcomed

WASHINGTON, DC - Recent accounting changes announced by the US agencies aims to ease banks' capital accounting in light of recent market turmoil. Quietly released and scarcely noticed by the media, an interagency notice of proposed rulemaking (NPR) was published on September 15 by the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Office of Thrift Supervision (OTS) and the Federal Reserve. The agencies have provided for the more favourable accounting

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Modernising compliance functions with regtech

Regtech addresses the complexities of regulatory requirements, offering innovative tools to modernise compliance functions, streamline processes and enhance efficiency. This article explores its role in compliance and reporting within the banking sector,…

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