Generally Accepted Accounting Principles (GAAP)
Basel leverage ratio would double up collateralised OTC positions
Ratio could be a 'game-changer', dealers warn, as Basel Committee proposes counting received collateral as well as derivatives exposures
Swedish DMO raises concerns over Basel III impact on bond trading
The chief economist of Sweden’s debt office fears new rules on available-for-sale securities will make government bonds less liquid
Repo 105: plaintiffs win ground on 'misleading' risk and leverage statements
Lehman executives and Ernst & Young lose fight to dismiss charges of deceit
Boon to US leverage ratios as FASB ditches netting proposals
Derivatives accounting proposals abandoned to relief of dealers - but move deals a blow to hopes of convergence between US standards and IASB
Proposals on balance-sheet netting spark worries about leverage ratios
Called to account
FASB softening stance in bid for convergence, say analysts
US standard-setter tilting towards IFRS on accounting for financial instruments
SEC aims to close the Gaap by prolonging consultation period on accounting rules
The extra 60 days for public comment on the amalgamation of US and international accounting standards does not signify a stalling of the process, says a financial accounting chief
CESR out with GAAP/IFRS CP
CESR consultation paper out to determine whether the GAAP of non-EU countries are equivalent to IFRS.
CESR out with GAAP-IFRS convergence report
CESR out with report on work programmes of the Canadian, Japanese and US standard setters, the definition of equivalence and the list of third-country GAAPs currently used on the EU Capital Markets
SEC and CESR to develop a cross-Atlantic financial reporting plan
A plan to develop financial reporting standards and avoid regulatory conflicts will be implemented immediately by the Securities and Exchange Commission (SEC) and the Committee of European Securities Regulators (CESR), it was announced today.
Sponsor's Article > What are loan loss reserves?
Few things are more frustrating to businesses than to be subjected to contradictory requirements by multiple authorities. Modest inconsistencies are glossed over with little or no harm. David Rowe argues, however, that conflicting definitions of loan…
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…
Getting to grips with fair value
European corporate treasurers and finance officers are still way behind in their preparations for IAS 39.