The Accounting Standards Board (ASB) will next week publish for comment an Exposure Draft of an amendment to FRS 17 ‘Retirement Benefits’. The proposed amendment would extend the transitional arrangements in the standard and therefore defer the mandatory requirement for the full adoption of FRS 17. In the meantime, UK financial statements would include disclosure of information prepared in accordance with FRS 17 either in the footnotes or, where the standard is voluntarily adopted early, in the main financial statements. The ASB’s proposal is a direct result of the IASB announcement last week that it had added to its agenda a project to reconsider the provisions of the corresponding international standard, IAS 19 ‘Employee Benefits’. Mary Keegan, ASB Chairman, said: ‘We have been encouraging the IASB to indicate whether or not it would reconsider its standard on pensions. We now have that agenda decision.’
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more