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News Stories (116 Results) - Regulatory News

The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) that addresses issues raised by stakeholders during the implementation of Accounting Standards Update No. 2016-13, Financial Instruments—Credit Losses (Topic... Read Story
November 27, 2019, 07:25 AM

The Financial Accounting Standards Board (FASB) issued two Accounting Standards Updates (ASUs) that finalize various effective date delays for standards on current expected credit losses (CECL), leases, hedging and long-duration insurance... Read Story
November 18, 2019, 07:12 AM

The Financial Accounting Standards Board (FASB) approved an Accounting Standards Update (ASU) to provide temporary, optional guidance to ease the potential burden in accounting for, or recognizing the effects of, reference rate reform on financial... Read Story
November 14, 2019, 07:05 AM

The Financial Accounting Standards Board has extended the implementation deadline for several accounting standards, giving many U.S. companies additional time to prepare, the Wall Street Journal reported.FASB on Wednesday approved its proposals for... Read Story
October 17, 2019, 07:20 AM

QuickBridge, a privately held, alternative lender offering small business loans nationwide, released an eBook on the impact recent tariffs have had on small businesses in the U.S. QuickBridge’s “Tariffs and Small Businesses: Exploring the Real-World... Read Story
September 26, 2019, 07:10 AM

The Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) that would grant private companies, not-for-profit organizations and certain small public companies additional time to implement FASB standards on... Read Story
August 16, 2019, 07:30 AM

The Financial Accounting Standards Board plans to propose delaying effective dates for four key standards for certain groups of financial statement preparers after a series of votes taken at a board meeting last week, according to the Journal of... Read Story
July 23, 2019, 07:20 AM

The Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) that would address issues raised by stakeholders during the implementation of Accounting Standards Update No. 2016-13, Financial Instruments—Credit... Read Story
June 28, 2019, 07:24 AM

LeaseAccelerator released a new report analyzing the financial reports and disclosures of S&P 500 companies that have adopted the new lease accounting standards. Reporting a collective total of $503 billion in operating lease liabilities and $69... Read Story
June 26, 2019, 06:30 AM

The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) that eases transition to the credit losses standard by providing the option to measure certain types of assets at fair value. Issued in 2016, the credit... Read Story
May 16, 2019, 07:11 AM

Two professional groups have asked the Financial Accounting Standards Board to delay the private company implementation date for new lease accounting rules by a year, the Wall Street Journal reported.The American Institute of Certified Public... Read Story
May 15, 2019, 07:30 AM

As U.S. finance companies prepare for major changes in accounting requirements for calculating credit losses, they can benefit from hard lessons learned by international equipment finance businesses that have already tackled similar new standards... Read Story
April 30, 2019, 07:17 AM

LeaseAccelerator announced the results of the its third annual Progress Report on ASC 842, which focuses exclusively on U.S.-based private companies and their readiness for the new lease accounting standards. The deadline for most U.S.-based private... Read Story
April 11, 2019, 07:20 AM

The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) that addresses two lessor implementation issues and clarifies that lessees and lessors are exempt from a certain interim disclosure requirement associated... Read Story
March 07, 2019, 07:15 AM

The federal bank regulatory agencies approved a final rule modifying their regulatory capital rules and providing an option to phase in over a period of three years the day-one regulatory capital effects of the update to the accounting standard known... Read Story
December 27, 2018, 07:15 AM

The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) expected to reduce lessor’s implementation and ongoing costs associated with applying the new leases standard. The ASU also clarifies a specific lessor... Read Story
December 12, 2018, 07:19 AM

The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) that amends the transition requirements and scope of the credit losses standard issued in 2016. “Since issuing the credit losses standard, the FASB staff... Read Story
November 19, 2018, 07:00 AM

The U.S. Department of the Treasury and Internal Revenue Service (IRS) announced proposed regulations on increasing and expanding the first-year depreciation deduction for qualified property. This increased benefit will expand opportunities for small... Read Story
August 15, 2018, 07:07 AM

The Financial Accounting Standards Board (FASB) issued a proposal that would reduce costs and ease implementation of the Leases standard for financial statement preparers. The proposal would also clarify a specific requirement in the standard related... Read Story
August 14, 2018, 07:20 AM

The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) that reduces costs and eases implementation of the leases standard for financial statement preparers. “The targeted improvements in the ASU address areas our... Read Story
July 31, 2018, 07:17 AM

U.S. bank profits are projected to reach pre-crisis levels but CECL could slow overall balance sheet growth, according to a new report from S&P Global Market Intelligence that also questions the benefits of newly enacted tax reforms.S&P Global Market... Read Story
June 01, 2018, 07:15 AM

New financial reform legislation easing the Dodd-Frank Act (DFA) for smaller and custodial banks is not likely to be a near-term ratings issue but could be negative for some banks' credit profiles over the long term, if it results in significantly... Read Story
May 29, 2018, 07:20 AM

Just 21.2 percent of finance, accounting and other professionals say their companies are "extremely" or "very" prepared to comply with the Financial Accounting Standards Board's (FASB) and International Accounting Standards Board's (IASB) respective... Read Story
March 20, 2018, 07:05 AM

While banks, insurers and specialty finance companies are making progress toward the implementation of the Current Expected Credit Loss (CECL) standard, widespread uncertainty regarding key decisions on accounting, modeling and data inputs has slowed... Read Story
October 12, 2017, 07:14 AM

On August 17, 2017, the Environmental Protection Agency (EPA) announced that they would "revisit" portions of the EPA and the National Highway Traffic Safety Administration's (NHTSA) joint rule on Greenhouse Gas Emissions Phase II. In its release... Read Story
August 22, 2017, 07:47 AM

The Governmental Accounting Standards Board (GASB) issued guidance that establishes a single approach to accounting for and reporting leases by state and local governments. This single approach is based on the principle that leases are financings of... Read Story
June 29, 2017, 07:27 AM

The Association of International Certified Professional Accountants (the Association), a new organization composed of the American Institute of CPAs (AICPA) and the Chartered Institute of Management Accountants (CIMA), has provided comments on three... Read Story
January 23, 2017, 07:00 AM

The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board on Tuesday announced that Bank of America, Bank of New York Mellon, JP Morgan Chase, and State Street adequately remediated deficiencies in their 2015 resolution plans.... Read Story
December 14, 2016, 07:18 AM

The Federal Reserve Board on Monday invited public comment on a proposed rule to modify its capital plan and stress testing rules for the 2017 cycle. Among other changes, the proposal would tailor the Federal Reserve's Comprehensive Capital Analysis... Read Story
September 28, 2016, 07:09 AM

The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) that improves financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and... Read Story
June 22, 2016, 07:15 AM

In a recent survey by KPMG LLP, the audit, tax and advisory firm, nearly half of all companies surveyed have not begun to assess the impacts of the new FASB lease accounting standard, which has an effective date of January 1, 2019.  “Although the... Read Story
June 15, 2016, 07:07 AM

CHP Consulting has published the final version of its authoritative whitepaper on changes in international lease accounting standards.The fully revised Lease Accounting Reform: The Systems Impact for Asset Finance Lessors reflects the final standards... Read Story
March 25, 2016, 07:15 AM

The International Accounting Standards Board® (the Board) issued a new accounting Standard, called IFRS 16 Leases. It replaces accounting requirements introduced more than 30 years ago that are no longer considered fit for purpose and is a major... Read Story
January 15, 2016, 07:30 AM

The Financial Accounting Standards Board (FASB) voted to proceed with a new accounting standard that would require companies and other organizations to include lease obligations on their balance sheets. The final Accounting Standards Update (ASU) is... Read Story
November 12, 2015, 07:30 AM

The American Institute of CPAs (AICPA) has urged Congress to act immediately on legislation that would temporarily or permanently extend the more than fifty provisions in the Internal Revenue Code, which are commonly referred to as the “tax extenders... Read Story
October 13, 2015, 07:06 AM

The Federal Reserve Board on Monday issued a final order that establishes enhanced prudential standards for General Electric Capital Corporation (GECC), a nonbank financial company designated by the Financial Stability Oversight Council (FSOC) for... Read Story
July 21, 2015, 07:15 AM

The Federal Reserve Board on Monday approved a final rule requiring the largest, most systemically important U.S. bank holding companies to further strengthen their capital positions. Under the rule, a firm that is identified as a global systemically... Read Story
July 21, 2015, 07:06 AM

The International Accounting Standards Board (IASB) is in the process of finalizing a new International Financial Reporting Standard (IFRS) that will require companies to bring leases onto the balance sheet.  On March 16, 2015, it published a... Read Story
March 17, 2015, 07:03 AM

The National Federation of Independent Business (NFIB) released new research projecting nearly 200,000 more jobs and billions in higher economic productivity if Congress and the President agree to permanently increase the amount that businesses can... Read Story
February 10, 2015, 07:03 AM

Bloomberg reported the Federal Reserve said it plans to oversee GE Capital Corp. in a similar manner to the way it supervises large bank-holding companies. According to the Bloomberg report, the Fed asked for public comment today on its regulation of... Read Story
November 26, 2014, 07:22 AM

The Governmental Accounting Standards Board (GASB) has issued for public comment a Preliminary Views, Leases, which includes proposals to improve the accounting and financial reporting for leases for state and local governments from both a lessee and... Read Story
November 21, 2014, 07:05 AM

CG Commercial Finance (CGCF) and Bill Bosco released their update on the GAAP/IFRS convergence project.   CGCF is providing this summary to its clients to assist them to better understand the status of the project and how it may affect their business... Read Story
October 10, 2014, 05:00 AM

The American Institute of CPAs (AICPA) urged Congress “to immediately address the fifty-seven tax provisions that expired at the end of 2013 and the six tax provisions that expire at the end of 2014.” Congress began consideration of extenders... Read Story
September 19, 2014, 07:00 AM

According to the Wall Street Journal, U.S. and international accounting rule makers are getting closer to a final version of thier proposed lease accounting overhaul, but the two boards are unlikely to use the same lease expensing model in their... Read Story
August 11, 2014, 06:50 AM

AccountingWEB reported that the House of Representatives passed a bill on Friday morning that would permanently extend the bonus depreciation tax break for businesses. Under HR 4718, businesses would be able to claim an additional first-year... Read Story
July 14, 2014, 07:00 AM

Full U.S. adoption of International Financial Reporting Standards (IFRS) appears unlikely to occur in the intermediate-term as the major accounting standard setters continue to move away from full convergence of their standards, according to a Fitch... Read Story
July 09, 2014, 06:37 AM

According to an article posted on Rental Pulse, the U.S. House of Representatives passed H.R. 4457, the American Small Business Tax Relief Act of 2014 on June 12th extending Section 179 of the tax code allowing small businesses to expense up to... Read Story
June 16, 2014, 07:00 AM

The FASB and the IASB continued redeliberations of the proposals included in the May 2013 Exposure Draft, Leases, specifically discussing the following topics: (1) lessee accounting model, (2) lessor accounting model, (3) lessor Type A accounting... Read Story
March 25, 2014, 06:40 AM

According to a report in the Journal of Accountancy, FASB and the IASB are still struggling to find common ground in their efforts to create a converged standard for financial reporting on leases.During a Tuesday meeting at FASB’s headquarters in... Read Story
March 20, 2014, 07:00 AM

Corporation Service Company announced that it has concluded and released the results of its survey of UCC Article 9 professionals. CSC’s goal was to assemble the first-ever comprehensive overview of UCC Article 9 best practices and insights from UCC... Read Story
February 07, 2014, 06:29 AM

Reuters reports that the draft rule forcing companies to put leases on their balance sheets is set to be eased after fierce opposition from companies worried that investors would take fright and that loans linked to leverage would be put at risk. The... Read Story
January 28, 2014, 06:57 AM

Additional complexities for accountants who deal with a large number of operating leases will arise from the IASB’s proposals says the Global Forum for Corporate Reporting. Proposals to change the way in which leased assets are accounted for, put... Read Story
September 16, 2013, 06:55 AM

Moody's Investors Service has placed the senior and subordinated debt ratings of the holding companies for the six largest US banks on review as it considers reducing its government (or systemic) support assumptions to reflect the impact of US bank... Read Story
August 23, 2013, 06:59 AM

The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) formally announced plans to create a joint transition resource group focused on the upcoming final converged standard on revenue recognition. The... Read Story
July 29, 2013, 07:01 AM

James L. Kroeker, former chief accountant for the U.S. Securities and Exchange Commission (SEC), has been appointed a member and vice chairman of the Financial Accounting Standards Board (FASB). The appointment was announced by the Board of Trustees... Read Story
July 25, 2013, 07:06 AM

Reuters reported that the  U.S. Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) found little common ground during a meeting held on Tuesday to help shield taxpayers from further bank bailouts despite... Read Story
July 24, 2013, 06:58 AM

Fitch Ratings expects lessors to face significant challenges in applying the new rules, but the impact on economic fundamentals in the leasing industry will be limited.Off-balance sheet treatment, which would end for most lessees under the terms of... Read Story
July 18, 2013, 06:59 AM

Reuters reported the U.S. financial risk council on Tuesday said it has designated American International Group and GE Capital as systemically risky, bringing them under stricter regulatory oversight. The Financial Stability Oversight Council's... Read Story
July 10, 2013, 07:00 AM

Bloomberg reported that GE Capital and American International Group Inc. (AIG) will not fight a decision by regulators that they pose potential risks to the economy.The Bloomberg report quotes Russel Wilkerson, a spokesman for GE Capital saying, “We... Read Story
July 03, 2013, 07:05 AM

The FASB and the IASB will host several joint public roundtable meetings on their revised joint proposals on leases that were published in May 2013: the revised proposed FASB Accounting Standards Update, Leases (Topic 842), and the IASB Exposure... Read Story
July 03, 2013, 07:02 AM

Thomson Reuters has released an overview of the Financial Accounting Standards Board's (FASB) proposed accounting standards for leases.  The report covers topics such as:  Scope of the new guidance on leases  Definition and classification of a... Read Story
June 11, 2013, 07:03 AM

Reuters reported regulators on Monday proposed designating GE Capital, American International Group Inc, and Prudential Financial for heightened regulatory oversight. According to the report, the Financial Stability Oversight Council said it had... Read Story
June 04, 2013, 07:08 AM

According to an article posted on the Journal of Accountancy, IASB Chairman Hans Hoogervorst on Thursday acknowledged the converged lease accounting proposal is bound to be unpopular with many companies.The report states that in a telephone... Read Story
May 17, 2013, 07:14 AM

The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) today published for public comment a revised Exposure Draft outlining proposed changes to the accounting for leases. The proposal aims to improve... Read Story
May 16, 2013, 07:24 AM

According to a report on Accounting Today, fifteen of the largest banks in the U.S. have written a letter to the chairmen of the Financial Accounting Standards Board and the International Accounting Standards Board encouraging them to resolve their... Read Story
May 15, 2013, 07:13 AM

The Journal of Accountancy reported that FASB decided Wednesday to move forward with a re-proposal on financial reporting for leases that will be converged with that of the International Accounting Standards Board (IASB).According ot the report, the... Read Story
April 12, 2013, 07:19 AM

The U.S. Chamber of Commerce’s Center for Capital Markets Competitiveness (CCMC) released the “Fix, Add, Replace (FAR) Agenda” outlining the Center’s priorities for meaningful financial regulatory reform. The FAR Agenda tackles specific provisions of... Read Story
April 05, 2013, 07:10 AM

The Financial Accounting Standards Board (FASB)  voted to extend the comment deadline for its proposal to improve financial reporting about expected credit losses on loans and other financial assets held by banks, financial institutions, and other... Read Story
March 29, 2013, 07:14 AM

The Financial Accounting Standards Board (FASB) will join the Accounting Standards Advisory Forum (ASAF), the new advisory group for the International Accounting Standards Board (IASB), the Financial Accounting Foundation (FAF) announced yesterday.... Read Story
March 20, 2013, 07:00 AM

According to Fitch Ratings, the agreement by regulators to change the definitions and stress assumptions in the Liquidity Coverage Ratio (LCR), delay its full implementation and allow banks to use their liquidity buffer in times of stress sets a more... Read Story
January 09, 2013, 07:31 AM

Bloomberg reported global central bank chiefs gave lenders four more years to meet international liquidity requirements and watered down the measures in a bid to stave off another credit crunch.According to the report, banks won the delay to fully... Read Story
January 07, 2013, 07:50 AM

According to a Bloomberg report, Banks’ loan-loss reserves may jump 50% under a proposed U.S. accounting-rule change that redefines how quickly firms must recognize bad debts, standard-setters said. The report outlines how the proposed rule pushes... Read Story
December 21, 2012, 07:00 AM

Almost half of senior executives polled said they did not expect an agreement on the so-called “fiscal cliff” negotiations by year-end, according to a survey of more than 2,500 business leaders conducted by KPMG’s Tax Governance Institute (TGI)... Read Story
December 17, 2012, 07:05 AM

The Federal Reserve's 2013 stress test scenarios for U.S. banks, which include a slowdown in Asia's developing economies on top of severe U.S. and euro zone recessions, are still as tough as last year, according to Fitch Ratings. However, we believe... Read Story
November 19, 2012, 07:00 AM

Reuters reported that corporate lobbying may derail attempts by regulators to make companies account more clearly for leased equipment, the head of a global accounting rules body said on Tuesday.According to the report, currently the costs of such... Read Story
November 08, 2012, 07:04 AM

Bloomberg reported that GE Capital is in the final stage of a regulatory review to determine if it needs extra scrutiny because of the risk that its potential failure would pose to the U.S. economy, two people with direct knowledge of the matter said... Read Story
October 08, 2012, 07:52 AM

After being rigged by some of the world’s biggest financial institutions, the London interbank offered rate, the benchmark for more than $300 trillion of securities and loans, is now increasingly being set by a smaller group of banks.Bank of America... Read Story
October 08, 2012, 07:32 AM

Bloomberg reported that American International Group Inc. (AIG) said a U.S. panel told the insurer it’s under consideration to be labeled a potential risk to the financial system, the first non-bank to report such notification in a process that could... Read Story
October 03, 2012, 07:42 AM

CFO reports the rules on liquidity levels set by the Basel III framework for bank capital could curtail banks’ appetite for underwriting lines of credit for companies. The article makes reference to recent panel of bankers and risk managers brought... Read Story
October 01, 2012, 07:45 AM

Reuters reports Britain's top financial watchdog delivered a 10-point plan to fix LIBOR but stopped short of scrapping the benchmark interest rate in a much-awaited reform of a system plagued by scandal."The system is broken and needs a complete... Read Story
September 28, 2012, 07:33 AM

The IASB and the FASB discussed questions that have been raised about the Boards’ tentative decisions regarding sale and leaseback transactions; issues on how a lessee would account for leases under the single lease expense (SLE) approach; and issues... Read Story
September 24, 2012, 06:33 AM reports the new lease accounting proposal agreed upon by the FASB and IASB is still getting pummeled by finance executives. Ralph Petta, chief operating officer at the Equipment Leasing and Finance Association (ELFA) notes that the boards’... Read Story
September 20, 2012, 07:14 AM

The Federal Reserve Board is considering changes to the implementation timeline for the annual company-run stress test requirements required by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The changes under consideration would delay... Read Story
August 28, 2012, 07:52 AM

Bloomberg reported the European Central Bank (ECB) is pushing global banking regulators to relax a draft liquidity rule so that lenders can use some asset-backed securities and loans to businesses in a buffer they must hold against a possible credit... Read Story
August 28, 2012, 06:54 AM

The U.S. Chamber of Commerce’s Center for Capital Markets Competitiveness (CCMC) today released “The Economic Consequences of the Volcker Rule,” which examines the numerous unintended, but nonetheless harmful, effects of the current Volcker Rule... Read Story
July 20, 2012, 07:00 AM reported that companies that lease equipment could see their profits shrink in the early years of a contract under the new proposed Financial Accounting Standards Board’s (FASB) and International Accounting Standards Board’s (IASB) June 13th... Read Story
July 18, 2012, 07:29 AM

An article posted on states that CFOs and CEOs of nonfinancial companies will have to use tables to explain financial data if the Financial Accounting Standards Board’s (FASB) liquidity disclosure proposal moves forward.According to the... Read Story
July 09, 2012, 07:25 AM

The public versions of large banks' so-called "living will" plans, released by U.S. regulators offer few, if any, new details on the process by which banks and regulators would smoothly dispose of assets in a default scenario. Fitch Ratings believes... Read Story
July 09, 2012, 07:00 AM

Odessa Technologies, the developer of the LeaseWave suite of products, a fully integrated end-to-end lease and loan management solution, has published the second in a series of White Papers about the Dodd-Frank Act.The Dodd-Frank Act, named after its... Read Story
June 26, 2012, 07:30 AM

Leaseurope, the European Federation representing the leasing and automotive rental industry, is pleased to see that the Boards have officially communicated on the next steps in their Leases project. The timeframe should provide the leasing industry... Read Story
June 15, 2012, 08:00 AM

The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) today agreed on an approach for accounting for lease expenses as part of a project to revise lease accounting in International Financial Reporting... Read Story
June 14, 2012, 07:50 AM

Bloomberg reported Treasury Secretary Timothy F. Geithner has challenged bankers to give him specifics on their complaint that the Dodd-Frank Act is imposing costly, confusing and burdensome regulations on them, according to four people familiar with... Read Story
June 06, 2012, 07:30 AM

The Wall Street Journal reported U.S. and international accounting rule makers are readying to vote on a method for how new lease accounting rules will impact corporate earnings in June, resulting in a new draft of the rules being potentially... Read Story
May 25, 2012, 08:00 AM

Odessa Technologies, Inc., the developer of the LeaseWave suite of products, a fully integrated end-to-end lease and loan management solution, has published the first in a series of White Papers about the Dodd-Frank Act.The Dodd-Frank Act, named... Read Story
May 16, 2012, 06:30 AM

Bloomberg reported the largest U.S. banks, including JPMorgan Chase & Co. and Goldman Sachs Group Inc., told the Federal Reserve that a limit on their credit exposure is unnecessary and “fundamentally flawed.” According to the report, the Federal... Read Story
April 30, 2012, 07:30 AM

CHP Consulting has published the second in a series of thought leadership pieces on the IASB and FASB’s overhaul of lease accounting.Lease Accounting Reform: The Systems Impact for Asset Finance Lessors summarizes the key features of the proposals so... Read Story
March 26, 2012, 06:30 AM

Moody's Investors Service placed the Aa2 senior unsecured ratings of General Electric Company (GE) and General Electric Capital Corporation (GECC) under review for possible downgrade. The Prime-1 short-term ratings for both companies were affirmed.... Read Story
March 20, 2012, 08:00 AM

In a new paper on lease accounting, “Are All Leases Created Equal?”, Grant Thornton LLP discusses the FASB’s and IASB’s current thinking on lease accounting. The Boards have tentatively decided on a single model for lessors (the receivable and... Read Story
March 09, 2012, 06:30 AM

The Financial Accounting Standards Board (FASB) has added to its agenda a project to re-examine the definition of a “nonpublic entity.” The decision by FASB Chairman Leslie F. Seidman to add the agenda project was based on comments from stakeholders... Read Story
March 09, 2012, 06:00 AM

In the February 28, 2012 FASB/IASB Joint Board Meeting, the FASB and the IASB discussed lessee accounting and, in particular, different methods of amortizing the right-of-use asset. They also discussed any consequences that a change to the lessee... Read Story
March 02, 2012, 08:30 AM

Reuters reported a senior U.S. regulator was "optimistic" on about finding a framework for the world's top economy to use global book keeping rules for investors to compare cross-border companies. According to the report, currently, more than 100... Read Story
February 21, 2012, 08:00 AM

A coalition of several leading nonprofit and commercial organizations, including the U.S. Chamber of Commerce, released a report today that examines the economic impact of the International Accounting Standards Board (IASB) and Financial Accounting... Read Story
February 17, 2012, 07:30 AM

Bloomberg Businessweek reported the world’s largest banks have presented a list of changes to a proposed U.S. ban on proprietary trading, seeking to escalate the lobbying effort against the Volcker rule five months before it takes effect.According to... Read Story
February 14, 2012, 07:30 AM

The Association for Manufacturing Technology joined 115 associations in a letter urging House and Senate conferees to add a temporary extension of 100% bonus depreciation to the payroll tax cut bill currently under consideration. The current law... Read Story
February 13, 2012, 08:00 AM

Bloomberg reported that Bank of America Corp., JPMorgan Chase & Co., Wells Fargo, Citigroup and Ally Financial (GMAC) reached a $25 billion settlement with 49 states and the federal government related to abusive foreclosure practices in the wake of... Read Story
February 10, 2012, 07:30 AM

Fitch Ratings expects the U.S. will still move forward with plans to incorporate International Financial Reporting Standards (IFRS) into U.S. GAAP, although in a prolonged, cautious and incremental way, according to a new report. Fitch believes a... Read Story
January 19, 2012, 07:00 AM

CHP Consulting, the developer of ALFA Systems, the definitive platform for asset finance, has published a specialist whitepaper evaluating the effects of Basel III on the leasing industry.Available from the CHP Consulting website, Basel III:... Read Story
January 17, 2012, 07:00 AM

Fitch Ratings today published an updated Asset-Backed sector specific criteria report titled 'Criteria for Rating U.S. Equipment Lease and Loan ABS.' This report updates and replaces the prior criteria report with the same name, dated Jan. 25, 2011.... Read Story
January 12, 2012, 06:30 AM

Bloomberg reported that banks will be allowed go below minimum liquidity levels set by global regulators during financial crises to avoid cash-flow difficulties. As reported, the Basel Committee on Banking Supervision’s governing board said in a... Read Story
January 09, 2012, 08:00 AM

A recent article posted on CFO indicates that the SEC will likely not opine on whether the United States will fully meld its financial reporting with international financial reporting standards (IFRS), until later into 2012. According to the article... Read Story
January 04, 2012, 06:00 AM

This New Year may not be so happy for thousands of companies when they discover that they can no longer reap the benefits of 100% bonus depreciation in 2012. CFOs and tax directors across the country could see their tax bill double or more in the... Read Story
December 30, 2011, 06:30 AM

Reuters reported the Federal Reserve proposed new rules on Tuesday to restrain risk-taking by the largest U.S. banks as it tries to make the financial system more resilient against future crises.According to the report, the proposal, required by the... Read Story
December 21, 2011, 07:30 AM

Reuters reported the United States is likely to signal, perhaps this week, only qualified support for switching to global accounting rules, said a top standards official on Monday.According to the report, the U.S. Securities and Exchange Commission... Read Story
December 06, 2011, 07:30 AM

According to an article posted on AccountingWeb, the American Institute of Certified Public Accountants' (AICPA) governing council overwhelmingly approved a resolution that sends a strong message to the Financial Accounting Foundation (FAF): Either... Read Story
November 23, 2011, 07:00 AM

The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) issued for public comment, a revised draft standard to improve and converge the financial reporting requirements of International Financial... Read Story
November 16, 2011, 07:00 AM

The Associated Press reported the Federal Reserve said the central bank will conduct a new round of stress tests in the coming weeks to determine the financial strengths of banks to withstand another recession according the second-ranking member of... Read Story
November 14, 2011, 06:30 AM