Accounting
Sarb deputy hails role of accountants in South African recovery
François Groepe tells new cadre of chartered accountants that they have an important role in ensuring ‘structural challenges' are addressed effectively
MAS's Lim says integrated sovereign wealth funds beneficial for industry
Monetary Authority of Singapore deputy chairman Lim Hng Kiang says improved ties between sovereign wealth funds will improve best practice in the industry
ECB’s Tumpel-Gugerell defends fair-value accounting
Gertrude Tumpel-Gugerell says fair-value accounting standards must be upheld despite amplifying crisis
Fair value in foul weather
Andrew Haldane draws on Macbeth to explain how financial instruments might be valued in future
Banks bend rules in crises: IMF paper
Authors show that banks used discretion in classifying mortgage debt and in accounting for related losses and assets
Fed governor pans accounting developments
Federal Reserve’s Elizabeth Duke says both FASB’s and IASB’s new approaches raise “number of concerns”
De Larosière for long-term value and economic stability
A near-term focus dominated policy, regulation, accounting standards and governance in the run up to the crisis. It cannot last, writes Jacques de Larosière.
Heavyweight group dismisses mark-to-market fears
Group including Lucas Papademos and Jerry Corrigan clears accounting rules of role in crash