UK tax resident investors demand reporting fund status
Friday 13 Jan 2012 | Zoë Arnautov
Investor demand for the benefits of the UK's special reporting fund tax regime has increasingly grown since its introduction in 2009. Zoë Arnautov, supervising associate at international law firm Simmons & Simmons outlines what these funds are and their implications for managers and investors.
SEC 'concerned' over foreign auditors
Thursday 12 Jan 2012 | Andrew.Hickley@gfsnews.com
The US Securities and Exchange Commission's Luis Aguilar has admitted he is growing "increasingly concerned" that the country's accounting regulator is unable to properly oversee foreign auditors.
FSB to oversee bonus pay grievances
Wednesday 11 Jan 2012 | Karina Whalley
Banks will be able to complain to the Financial Stability Board if they believe their international rivals are failing to meet a new worldwide protocol relating to bonuses.
A stormy start to a stormy year?
Wednesday 11 Jan 2012 | Michael Izza
Uncertainty in the eurozone combined with a host of regulatory challenges ensure that 2012 will be tricky year for accountants and auditors, argues Michael Izza, chief executive at the Institute of Chartered Accountants in England and Wales.
India calls for financial reporting changes
Tuesday 10 Jan 2012 | Andrew.Hickley@gfsnews.com
Changes to accountancy standards are vital to ensure banks' financial statements properly reveal any risk-return trade-offs, the Reserve Bank of India has warned.
BIS appoints Fed man as committee head
Tuesday 10 Jan 2012 | Karina Whalley
The Bank for International Settlements has appointed the president of New York's Federal Reserve to head up the Committee on the Global Financial System, replacing Mark Carney as chair.
UK PM sets out plans to curb exec pay
Monday 9 Jan 2012 | Nicola.York@gfnews.com
UK Prime Minister David Cameron is expected to outline his plans to clamp down on executive remuneration and hand shareholders greater powers to veto excessive pay on Monday.
JBA concerns on IASB investment rules
Friday 6 Jan 2012 | Karina Whalley
Japanese bankers and European accountants have raised concerns over international accounting standards, calling for better criteria in identifying investment entities.
Record fine for PwC audit failure
Friday 6 Jan 2012 | Andrew.Hickley@gfsnews.com
UK regulators have slapped a record £1.4m (€1.7m/$2.2m) fine on PricewaterhouseCoopers after the auditors falsely claimed that JP Morgan segregated client and firm money over a seven year period.
Regulation 'harming' the UK economy
Thursday 5 Jan 2012 | Karina Whalley
Nearly 90 per cent of top British firms fear that the amount of UK regulation is harming the country's economy, according to the annual Ipsos Mori Capitains of Industry survey.
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