Yesterday (April 2, 2008), FASB voted to remove the Qualified Special Purpose Entity (QSPE) concept (used for some securitizations) from FAS 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities, a
OK, you’re right, the U.S. Treasury Department is not required to file its Blueprint for a Modernized Regulatory Structure with the U.S.
Treasury Blueprint Released Today; Pres. Bush Announces Intent to Nominate Aguilar, Walter to SEC; SEC Letter on Disclosure of F
In a speech delivered at 10:00 a.m. today (March 31), U.S. Treasury Secretary Henry M.
SEC's Thomsen at Chamber Like 'Nixon Coming to China;' Paulson and 'Conflation;' FASB Finalizing GAAP Hierarchy, More
There were numerous interesting speakers at yesterday’s U.S.
Paulson Says Treasury Blueprint Coming Soon, As He Encourages Regulators To 'Continue Building Robust Cooperative Framework'
In a speech earlier today (March 26) at the U.S. Chamber of Commerce's Second Annual Capital Markets Summit, U.S. Treasury Secretary Henry M.
US Chamber Backs IFRS,Calls for Fairness in US Legal, Regulatory, Enforcement Process;CFO Optimism Drops Amid Recession Concern
In a report issued today (March 26) in conjunction wit
A panel on “The Emerging Consensus for Financial Market Reforms” (including Harvard Law School’s Hal Scott, coordinator of the Committee on Capital Markets Regulation nicknamed ‘the Paulson committee’) and a speech by Thomas Renyi, Chairman o
In the aftermath of Bear Stearns’ collapse (by that I am referencing the collapse in its stock price following a liquidity crisis and ‘run on the (investment) bank’), its
SEC Complexity Comm. Hears Testimony; IASB on Complexity of Fin. Instruments; FASB on Deriv., Hedging; SEC FV Guidance Coming
Last week (March 13-14), the SEC Advisory Committee on Improvements to Financial Reporting (abbreviated CiFIR, also called the “complexity committee” or “Pozen committee” for chair Robert Pozen) met and heard testimony from three panels in re
Volcker, Backing Treasury Auditing Committee Recommendation, Says, "You Can't Leave Education to A Few Theorists;" PWG Issues Re