The US Financial Accounting Standards Board responded to lobbying by suspending a section of its EITF03-1 guidance, which would require the value of bond holdings to be marked down the when rates rise, The Financial Times reported.
With further interest rates expected soon, there had been fears that accountants’ interpretation of the rule might lead to a significant down grading of the bonds.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars