The BAS has today issued a call for comments on possible changes to Statutory Money Purchase Illustration rules on how calculations should be carried out for pension projections in statutory annual statements for money purchase pension schemes.

The Financial Action Task Force on Money Laundering (FATF) has added Azerbaidzhan and Ukraine to its “black list” of countries which have serious flaws with their anti-money laundering systems.

More than a half – 53.7% of all investors will invest in Ukraine’s economy within the next six months. There are 24.4% more who are a bit cautious in their business decisions, but may potentially decide positively. Those are the results of the international survey among investors for the first quarter of 2010 done by the Bleyzer Foundation.

The main problems of all Russian banks that lost their licenses during the crisis dealt with extreme concentration of risks in operations with their owners and top-managers - informs the Central Bank of Russia.

The chairman of the National Association of Pension Funds (NAPF) has described the current accounting for pensions as “unsatisfactory” and said he wants to see the policy reformed.

International Accounting Standards Board Chairman Sir David Tweedie told a group of European finance officials that the IASB and the U.S. Financial Accounting Standards Board are on track to converge their standards by June 2011, after which there will be a period of stability in accounting standards.

The International Auditing and Assurance Standards Board (IAASB) looks forward to findings from four new auditing research projects announced today by the Association of Chartered Certified Accountants (ACCA) and the International Association for Accounting Education and Research (IAAER).

Fitch raises its forecast for Ukraine from “negative” to “stable” – informs the CRA’s press-service. The agency also confirmed its long-term sovereign rating for Ukraine’s obligations in foreign and local currency at B- and short-term rating for obligations in foreign currency at B.

The US Securities and Exchange Commission published an announcement yesterday, informing on a court’s positive decision to freeze assets of a Russian citizen Valery Maltzev and his company “BroCo Investments”: they are suspected in acquiring illegal access to their clients’ accounts. The decision was made by New-York’s south district court upon the Commission’s request. Among other accounts, the one with assets worthy more than $500 thousand was also frozen.

The UK’s reporting regulator said it will investigate the accounting treatment of Repo transactions which were at the centre of professional negligence claims directed at Big Four firm Ernst & Young and their audit of collapsed bank Lehman Brothers.