The Securities and Exchange Commission, the United Kingdom Financial Services Authority (FSA), and the United Kingdom Financial Reporting Council (FRC) have signed a protocol for implementing the work plan between the SEC and the Committee of European Securities Regulators to share information on the application of International Financial Reporting Standards (IFRS) by issuers listed in the UK and the US. At separate meetings with the FSA and FRC in London, SEC chairman Christopher Cox executed the Protocol with UK FSA chairman Callum McCarthy and UK FRC chief executive Paul Boyle to facilitate implementation of the SEC-CESR Work Plan. The information to be shared concerns the application of IFRS in the financial statements of issuers listed in the UK and registered with the SEC. The world’s capital markets stand to benefit significantly from widespread acceptance and use of global accounting standards that are high quality, comprehensive, and rigorously applied. With issuers and investors alike increasingly looking beyond their borders for opportunities to invest and raise capital, they are typically seeking the accuracy, timeliness, and consistency in the reporting of financial information that such standards could provide.
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