 Welcome to Banking and Capital Markets Insight. This is a bimonthly publication aimed at banking professionals and focusing on accounting and regulatory technical issues of the day. The July edition focuses on fair value and transparency in financial reporting. Our five articles cover the following areas: - Damien Jones on latest thinking in derecognition and consolidation from both the International Accounting Standards Board and the US Financial Accounting Standards Board;
- Martin Killer on the tax deductibility of losses incurred by banks and other financial institutions as a result of fair valuing exposures following the credit crunch;
- Contrasting views from Eric Wooding and Kush Patel on the use of fair value in financial institutions’ balance sheets, and the proposed “simplification” of fair value by the International Accounting Standards Board; and
- Paul Leech on the Financial Services Authority’s Consultation Paper 08/6 on the “Review of the Client Assets Sourcebook”, and in particular the potential for widening the use of the Alternative Client Money Approach.
If you have any comments or suggestions regarding any aspect of topics discussed in this publication please get in touch. For further information, download our publication Banking and Capital Markets Insight – July 2008 (PDF, 161 KB) Previous editions
May 2008 (PDF, 79 KB)
March 2008 (PDF, 188 KB) Related information
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