EU watchdog worries about how banks add up risks
LONDON (Reuters) - Regulatory action may be needed to end variations in the ways banks add up the risks on their books to determine how big their capital buffers should...
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Investors face two sets of rules for banks’ loan losses
LONDON (Reuters) - Investors will have to grapple with two sets of rules for how banks recognize losses on loans after the world's two main accounting regulators failed to agree...
U.S. offered seat on new global accounting panel
LONDON (Reuters) - The United States has been offered a seat on a new global accounting panel, in a move that the body behind the initiative hopes will help persuade...
EU, U.S. agree to fast-track bank rules: Barnier
LONDON (Reuters) - The European Union and the United States agreed on Thursday to implement the new global Basel III capital adequacy rules for banks as soon as possible, EU...
EU lawmaker panel backs securities settlement reform
LONDON (Reuters) - A panel of European Union lawmakers has overwhelmingly backed a draft law throwing open the settlement of share and bond trades to competition if backed by closer...
Regulators to review bank capital rules “labyrinth”
LONDON (Reuters) - Global regulators will review how their rules are used by banks to determine the size of capital buffers after an initial probe showed variations big enough to...
PwC, Deloitte keep top spots in global audit market
LONDON (Reuters) - PricewaterhouseCoopers held the top spot in rankings for accounting income last year, a sector where fees were squeezed by increased regulatory scrutiny and competition, an International Accounting...
UK watchdog closes Lehman case against auditor E&Y
LONDON (Reuters) - Britain's accounting watchdog declined to take any action against Ernst & Young (E&Y;) over its auditing of Lehman Brothers before the U.S. investment bank failed in 2008...
FSB’s Carney urges investor caution on valuing risks
ZURICH/LONDON (Reuters) - Investors must not be complacent in valuing assets after efforts by central banks to pump money into struggling economies, a global financial risk watchdog said on Monday....
UK regulator says changes afoot for “too complex” bank rules
LONDON (Reuters) - Bank capital rules coming into force this month are too complex and efforts to simplify them are already underway, a senior Bank of England official said on...