Senior Securities and Exchange Commission (SEC) officials spent hours viewing pornographic material on government computers when they should have been regulating Wall Street during the financial crisis.
XBRL US Labs, the research and development arm of XBRL US, and the Financial Accounting Foundation (FAF), the parent organization of the Financial Accounting Standards Board (FASB), have announced a three-year agreement for cooperative XBRL taxonomy research.
G20 countries weren’t able to agree upon a single decision in respect to possible introduction of the new tax on credit organizations. That’s what was told by Russia’s finance minister Alexei Kudrin while speaking on results of the latest meeting of “The Group of Twenty” finance ministers and central banks.
The World Bank achieved a substantial capital increase this Sunday, informs “The Financial Times” – for the first time since 1988. In return, there was a significant redistribution of voting powers between developing economies, during which counties like China, India, and Brazil got much more than they used to have until now. The World Bank’s capital was increased by $5.1 billion.
President Barack Obama visited the Great Hall at Cooper Union in New York to call on Wall Street executives to stop fighting efforts in the Senate to pass financial regulatory reform.
A US congress investigation has found that the top two US rating agencies – Moody’s and Standard & Poor’s - deliberately ignored signs of fraud in the lending industry in the run-up to the financial crisis.
The objective of this Update is to address practice questions on how investments held through the separate accounts of an insurance entity affect the consolidation analysis under “FASB Accounting Standards Codification”(ÒÌ) Subtopic 810-10 “Consolidation - Overall”.
It looks like one of the most successful investment banks until recently, Goldman Sachs, is unlikely to clear its reputation from numerous publications in media that show its employees not as good as they could be.
This year’s leader is JP Morgan Chase. General Electric, Bank of America, Exxon Mobil, and Chinese bank ICBC are also within Top-5 companies of the list.
The National Association of Securities Market Participants (NAUFOR) has sent the FFMS a letter of protest against its new order on licensing requirements that should soon come into force.
