2012 vision: How can banks keep up with change?
Thursday 29 Dec 2011 | Georges Bory
Many banks are still relying on technology which is behind the curve but in order to meet regulatory challenges ahead of time, they should invest in adaptable systems now, says Georges Bory, MD and co-founder of software provider Quartet FS.
2012 vision: The move to centralised reporting
Thursday 29 Dec 2011 | John Mitchell
As regulators set out their requirements for over-the-counter derivatives data reporting, regulatory pressures and operational complexities will only continue to multiply says John Mitchell, VP global sales at data management firm Asset Control.
S&P;: Why we changed our rating criteria
Thursday 22 Dec 2011 | Jayan Dhru
Standard and Poor’s recently revamped its rating criteria for banks in light of the financial crisis. Jayan Dhru, global head of financial institution ratings at the agency explains the logic behind the move.
IASB clarifies IFRS 10 delivery dates
Wednesday 21 Dec 2011 | [email protected] The International Accounting Standards Board has released an exposure draft clarifying implementation dates for the IFRS 10 standard, amid confusion over the date from which firms will have to use the new principle.
Basel: Credit risk adjustments for derivs
Wednesday 21 Dec 2011 | [email protected] The Basel Committee is proposing that all debit valuation adjustments for over-the-counter derivatives should be fully deducted when banks are calculating their common equity tier one capital ratios.
Basel overhauls bank supervision code
Tuesday 20 Dec 2011 | Andrew Hickley & Will Henley
Regulatory authorities will be obliged to exchange information on the activities of multinational banks under a revision to the Basel Committee on Banking Supervision’s “core principles for effective bank supervision”.
BIS: Firms to have ‘severe’ stress tests
Monday 19 Dec 2011 | [email protected] Financial conglomerates will be required to carry out group-wide ‘severe’ stress tests on a regular basis and report these to supervisors under new proposals issued by the Bank for International Settlements’ joint forum.
Basel unveils bank disclosure template
Monday 19 Dec 2011 | [email protected] Banks will be required to update a publicly available document when they issue or repay a capital instrument under disclosure rules brought in under the Basel III agreement.
IASB confirms IFRS 9 delay to 2015
Friday 16 Dec 2011 | [email protected] The International Accounting Standards Board has finally confirmed a two-year delay for the IFRS 9 standard, which will now be mandatory from 2015.
Accountants agree on offsetting ‘Plan B’
Friday 16 Dec 2011 | [email protected] US and international accounting standards setters have been unable to reach agreement on new joint standards relating to the way that firms offset their assets and liabilities.
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