Financial Capital Standards a Hot Issue

The Association for Financial Professionals has put its support behind an effort to promote a tighter set of capital standards to promote stability throughout the financial services marketplace.

Because many AFP members are involved with foreign and U.S. banks, members want bank capital regulation because a standard not only helps facilitate economic and financial stability, but also affects the cost of financial services.

Formerly known as the Treasury Management Association, the AFP changed its name last year to more accurately reflect the activities of its 15,000 members who work within financial arenas.

AFP officials says that the call for standards, outlined in paper called 'The New Capital Adequacy Framework,' must address minimum capital requirements along with levels of risk incurred by the bank of financial institution.

You may like these other stories...

Camp Hopes Estate Tax Will Be on Its Way OutAn article in Bloomberg said that Republicans are considering voting this year to repeal the U.S. estate tax, according to House Ways and Means Chairman Dave Camp (R.-Mich.). He...
Read more from Larry Perry here and in the Today's World of Audits archive.Learning "how" to audit cash is mainly learning "when" to audit cash and to "what extent" cash auditing procedures...
Senate Takes Different Approach from House for Highway and Bridge FundEarlier this week, according to a New York Times article, the Senate agreed to fill the coffers of the fund that pays for highway and bridge repairs with...

Upcoming CPE Webinars

Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.
Aug 20
In this session we'll review best practices for how to generate interest in your firm’s services.
Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.
Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.