International Financial Reporting Standards (IFRS)
Spreading fear
As credit spreads on financial institutions widened in the second half of 2008, some banks registered substantial gains on their own debt. The International Accounting Standards Board has subsequently ignited a debate over the inclusion of credit risk in…
Crude but credible
Regulators are warming to the idea of introducing a leverage ratio to limit the excessive build-up of assets on bank balance sheets. But they face an uphill battle to create an internationally consistent measure that addresses differences in accounting…
Crude but credible
Regulators are warming to the idea of introducing a leverage ratio to limit the excessive build-up of assets on bank balance sheets. But they face an uphill battle to create an internationally consistent measure that addresses differences in accounting…
IASB amends fair-value disclosure
The International Accounting Standards Board (IASB) has amended disclosure requirements for the fair-value measurement of financial instruments, further aligning International Financial Reporting Standards (IFRS) with US Generally Accepted Accounting…
Brought to account
Conrad Hewitt, chief accountant of SEC, talks to Alexander Campbell
SEC heads for IFRS acceptance by 2014
The US Securities and Exchange Commission (SEC) aims to bring international financial reporting standards (IFRS) into use in the US within the next six years.
Europe’s IFRS implementation working, says report
Daily news headlines
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
Raising the standard
The German insurance industry is actively pushing forward the discussion on the standard model within the scope of Solvency II
IAS 39 pushes Europe back to basics
Eight months after the introduction of International Financial Reporting Standards (IFRS), dealers say there has been a discernable impact on the derivatives market, as European firms look to simplify hedging strategies.
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
Barriers to entry
Accounting rules have long given bankers headaches. And IAS 39 compliance could even put banks looking to enter the structured products market at a competitive disadvantage. Patrick Fletcher examines how the rules are affecting the shape of the industry
Living with volatility
Three months after the new International Financial Reporting Standards came into effect, European companies are waiting to see how the rules will be received by investors and analysts. Duncan Wood reports
Basel Committee announces "no action" on accounting issues
On Tuesday the Basel Committee on Banking Supervision issued a press release on the potential impact on regulatory capital of the implementation of certain International Financial Reporting Standards (IFRS).
Regulatory changes good news for investors
Forthcoming changes in the accounting practices of banks, imposed by regulators through Basel II and International Financial Reporting Standards (IFRS), will "make balance sheets speak up", according to Jean-Bernard Caen, group capital manager at Belgian…
Regulatory changes good news for investors
Forthcoming changes in the accounting practices of banks, imposed by regulators through Basel II and International Financial Reporting Standards (IFRS), will “make balance sheets speak up", according to Jean-Bernard Caen, group capital manager at Belgian…
Integrate Basel II and Financial Reporting Standards, PwC urges banks
Financial firms should consider integrating compliance with Basel II and the International Financial Reporting Standards (IFRS) to avoid overspending on regulatory compliance, according to a report by PricewaterhouseCoopers (PwC).
Running late
Oil
What price regulatory compliance?
The US banking industry has been inundated with a set of mandatory changes such as Basel II, the Sarbanes-Oxley Act and the Patriot Act, which, responded to individually, represent a significant portion of an organisation's change budget. Dai Bedford,…
Energy firms face “crunch time” for accounting compliance
Professional services firm PricewaterhouseCoopers (PwC) says time is running out for energy and utility companies to get to grips with the pending implementation of the International Financial Reporting Standards (IFRS).