The Technical Committee of the Association of Corporate Treasurers said it supported an orderly transition from existing UK standards to international accounting standards. ‘It is for this very reason that the ACT believes the best interests of UK listed companies would be served through FRED23 not being applied and for companies to move direct to IAS39 in accordance with the European timetable rather than that proposed by FRED23’, it said. In its response to the Accounting Standards Board (ASB), the ACT states that it does not ‘see any sense’ in listed companies implementing FRED23 when the implementation of IAS39 will follow on so soon afterwards. If FRED23 were issued in January 2003, there would be at least a six-month period before its adoption, in say July 2003. Listed companies will need to have made preparations for the implementation of IAS39 from 2004. Therefore, for listed companies, the ACT believes that it is more logical to move straight to IAS39 implementation, rather than to adopt FRED23 approximately six months earlier.
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