The general situation in the banking sector of Russia has stabilized. However, some if its banks may soon find themselves close to the lower boundary of “survival” as their capital is being slowly depleted. This is what the Central Bank of Russia is expecting.
Russia’s Prime Minister Vladimir Putin instructed the Federal Antimonopoly Service (FAS) to come up with improvements to the current legislation on foreign investments promptly.
A senior manager in KPMG’s Hong Kong office has been charged with bribery in connection with a controversial initial public offering that is the subject of an investigation by the territory’s securities regulator.
The International Accounting Education Standards Board (IAESB) has issued its Strategy and Work Plan for 2010-2012, which focuses on enhancing the International Education Standards (IESs) and providing guidance for IES adoption and implementation.
The IASB staff have prepared a staff paper discussing one aspect of the working draft IFRS that would replace IAS 37 “Provisions, Contingent Liabilities and Contingent Assets”.
Here we refer to “window dressing” as the deceptive practice of making one’s accounting records look better than they are. The Central Bank of the Russian Federation proposed to create a separate section on the official website of the Federal Tax Service (FTS) to contain quarterly financial accounts of legal entities.
The Federal Financial Markets Services toughens licensing requirements for professional market participants. Those should come in effect in July – informed the body’s chairman Vladimir Milovidov.
Anti-crisis programs in Russia won’t be suspended unless there is positive dynamics in each and every segment of the country’s economy – promised Russian Prime Minister Vladimir Putin.
