Financial Regulatory Forum

Global reinsurers to lobby for distance from banks

September 7, 2009

deniskessler   MONACO, Sept 7 (Reuters) – Eleven of the world’s biggest reinsurers will work to find common positions on tax, solvency, accounting and other rules and avoid being tarred with the same regulatory brush as banks, the group said late on Sunday. (more…)

G20 states unlikely to come clean on government accounting

August 24, 2009

By Huw Jones
LONDON, Aug 24 (Reuters) – Governments are responding to the credit crisis by trying to make corporate accounting more transparent. But they look set to resist pressure to come clean on their own finances.

Drive for international accounting convergence slows

August 17, 2009

By Huw Jones
LONDON, Aug 17 (Reuters) – The credit crisis is hindering as well as helping the drive to create a globally accepted set of accounting rules, and it may take intervention by world leaders to keep the effort on track.

US accounting board mulls expanding mark-to-market

August 14, 2009

Financial Accounting Standards Board Chairman Robert Herz    By Emily Chasan
   NEW YORK, Aug 13 (Reuters) – U.S. accounting rule makers met on Thursday to consider expanding mark-to-market accounting rules to loans and other securities, moving ahead with a plan already strongly opposed by banks.

Global accounting board drafts changes to fair value rule

July 14, 2009

LONDON, July 14 (Reuters) – The International Accounting Standards Board on Tuesday published draft plans to simplify its fair value rule that has been criticised by European Union finance ministers for amplifying the financial crisis. (more…)