Capital markets could be disrupted if European companies fail to explain clearly how their reported results have been affected by International Financial Reporting Standards (IFRS), according to a report published by Standard & Poor’s Ratings Services. The report -“Transition Without Tears: A Five-Point Plan for IFRS Disclosure” – notes that although a few European companies have held introductory sessions for investors highlighting various aspect of the changes, many are still undecided about how to communicate changes resulting from the transition to IFRS. For many companies, the transition takes effect for reporting years beginning on or after 1 January 2005. According to the report “A major concern is that the changeover to IFRS could disrupt capital markets in the short term because investors and other users of accounts misinterpret the different information being provided. Until now there has been precious little guidance for companies on the level of disclosure that market participants will expect, so there are real risks of information being misunderstood.”
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